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Life and Heath Ins Guaranty Assoc Model Act Legislative History Form

Life and Heath Ins Guaranty Assoc Model Act Legislative History Form

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Insurance guide 360 Ure with confidence how does the Connecticut life and health insurance guarantee Association protect policy holders the Connecticut life and health insurance guarantee Association is a safety net designed to protect policy holders in the event of an insurance company's Financial impairment or insolvency here's how it works the association covers policies issued by life and health insurance company as well as health maintenance organizations hmos that were licensed to operate in Connecticut at the time of the insurers impairment or insolvency types of policies covered it includes individual and group Life Health annuity and HMO subscriber contracts along with certain unallocated annuity contracts this encompasses guaranteed investment contracts deposit Administration contracts and structured settlement agreements limits of coverage the association provides coverage up to specific limits $500,000 for death benefits cash values annuities and health bene

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