With 40 games spread out over the next two weeks there is plenty of opportunity to add a little bonus to your holiday gift pile. Our bowl picks series will let you know who we think will come out on top against the spread. Famous Idaho Potato Bowl Spread:
NOLHGA's website affirms that "policyholders should take comfort in knowing that state guaranty associations are there to provide protection and continuing coverage.
When the effort to keep a declining company from going bankrupt fails, the state associations will attempt to amass a pool of money to pay the policyholders. How do they do this?
The other insurance companies in the state are required to chip in and bail out the failed company by covering its obligations in proportion to their own sales in that state. Why is there so little written about the state guaranty funds? Curiously, few consumers ever learn about the guaranty coverage available in their state.
That's because the National Association of Insurance Commissioners NAICwhich is the chief regulatory body overseeing all insurance activity in the nation, has specifically prohibited insurance companies and agents from advertising the existence of the state guaranty fund network. But in most states it's still prohibited to advertise or mention them.
Can I rely on my state's guaranty fund to protect my annuity investment? Knowing that your state has a guaranty fund should never be a substitute for purchasing your annuity or any insurance product from a company that is well-managed and financially stable.
The reason is that if your insurance company was ever declared bankrupt, even though your state fund may become active in providing some protection, you may not get full coverage.
Plus, payments to policyholders are never automatic.
They depend on court approval and approval by your state legislature. There could be delays of many years before the bankruptcy is adjudicated, during which time your money is not available to you. So it's best never to rely on the guaranty funds when choosing the company from which to buy your annuity.
Where can I read more about my state's coverage? If you want to learn more about the coverage offered in your state, click your state's link below which opens into a new tab or window or call the phone number listed for your state's fund.State Guaranty Associations ("SGAs") Written by Hersh Stern Updated Sunday, October 21, Annuities are purchased as a way to avoid market risk.
In a sense, they do that. But sometimes the unlikely happens and an insurance company goes under with its annuity contracts at risk.
Get the complete box score, in-game stats, TV channel and live stream info for Colorado vs.
Arizona. The First Regular Session of the Seventy-second General Assembly will convene on January 4, The 71st General Assembly. Speaker Crisanta Duran.
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Colorado will open conference action on the road for the fourth-straight season, spending the first week of January at defending Pac champion Arizona and Arizona State.