Answer: It is illegal for an insurer to advertise that policies are covered by the Life & Health Guaranty Association.Any company selling life and/or Health insurance must belong to the Guarantee Association. It is illegal for insurers to advertise that their policies are guaranteed by the existence of Life & Health Guaranty Association.
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Each of the following is False EXCEPT?The Association's liability is generally limited to that of the impaired insurance company.The Life & Health Guaranty Association is comprised of representatives from the DOIs of every state.It is illegal for an insurer to advertise that policies are covered by the Life & Health Guaranty Association.State Life & Health Guaranty Association was created to protect policyowners financially if their insurers become insolvent.
Each of the following is False EXCEPT? The Association's liability is generally limited to that of the impaired insurance company. The Life & Health Guaranty Association is comprised of representatives from the DOIs of every state. It is illegal for an insurer to advertise that policies are covered by the Life & Health Guaranty Association.
All of the following are true of the Commercial General Liability Conditions (Section IV) under the Claims-Made Form except : a. Insolvency of the insured relieves the insurer of any obligations under the policy b. Insurance applies as if each named insured were the only named insured and separately to each insured against whom the claim is ...
Every insurance company must establish and maintain a system of control over the content form and method of dissemination of all advertising of its policies. The insurer whose policies are advertised is responsible for all its advertisements regardless of who wrote created presented or distributed them. Illustrations The term illustration means a presentation or depiction that includes ...
The Terrorism Risk Insurance Act of 2002 states that no act of terrorism will be certified by the Secretary if the act is committed in the course of a war declared by the Congress ( except for Workers' Compensation) or property and casualty insurance losses are less than $_____ in the aggregate. ...
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