How long will I have to wait to receive the coverage provided by the Texas Guaranty Association?
If your insurance company is no longer able to fulfill its obligations, the payment of some policy benefits, such as policy loans and cash surrenders, may be suspended by the court while the status of the financially troubled insurer is evaluated. It is more common that benefit payments are delayed for only a brief period of time, usually 30-45 days, so the Texas Guaranty Association can assume control of policy and benefit payment administration.
Related Questions
- What happens if the benefits promised in my policy are greater than the coverage limits provided by the guaranty association?
- Where can I go to get more information about the coverage provided by the Texas Guaranty Association?
- How long will I have to wait to receive the coverage provided by the Texas Guaranty Association?
