NCIGF 2022 Fall Workshop Highlights
…the membership on all things NCIGF via his President’s Report. And the educational portion of the day was concluded by all attendees participating in a tabletop exercise, breaking into small…
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NCIGF Leaders Address Global Resolution Experts in Taiwan
…pointed to deliberations anticipated later this year by international regulators (including representatives from the United States) on the ideal future state of guaranty systems worldwide. He cited these talks as…
Backgrounder
…funded through assessments from member insurers – that is, insurance companies licensed to write business in a state. All but three guaranty funds (the New York Liquidation Bureau, New Jersey…
Recent Insolvency Activity Indicates Guaranty Funds Provide Extensive Coverage on Commercial Line Claims
…terms of gross guaranty fund payout, California, New York and Florida, do not have one or both of a net worth or bar date provision. The three states together made…
Guaranty Fund Laws and Law Summaries
…Summary 2/1/2024 NEW JERSEY Complete Statute Summary 2/1/2024 NEW JERSEY WC Complete Statute Summary 2/1/2024 NEW MEXICO Complete Statute Summary 2/1/2024 NEW YORK Complete Statute Summary 2/1/2024 NEW YORK WC…
The Fruits of Cooperation: Joint Receivership, Guaranty Funds Effort Set To Streamline Insolvency-related Financial Reporting
…Group Sometimes it seems that a world of difference divides the receivership and guaranty fund communities. Look a little closer, though, and you’ll see these two groups often share a…
My New Year Message To You!
We are trying some new modes of communication this year, so here are a few of my thoughts as we fire up the engines for 2019….
Insolvencies. . . An Overview
…company’s Order of Liquidation, will the guaranty association provide me a new policy? A: No. The purpose of the guaranty association is to protect policyholders and claimants from losses due…
Treasury Review of Regulatory Structure Associated with Financial Institutions: Request for Comments (TREAS-DO-2007-0018)
…statutory limits that are a percentage of a company’s recent premium volume in the state. New York and Pennsylvania), at least some elements of the guaranty mechanism are operated as…