Question

question 46 of 60
all of the following are true regarding the life and health insurance guaranty association except
a. the association is designed to detect and prevent insurer insolvencies.
b. claims are paid without limit.
c. the association is designed to pay the claims of insolvent insurers.
d. all authorized insurers must participate.

Explanation:

The Life and Health Insurance Guaranty Association has limits on the claims it pays. It aims to detect and prevent insurer insolvencies, pay claims of insolvent insurers, and all authorized insurers must participate.

Answer:

B. Claims are paid without limit.