Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there any protection provided to insurance buyers if their insurer becomes insolvent?

April 26, 2017Buyers insolvent Insurance insurer provided

0

Posted

Is there any protection provided to insurance buyers if their insurer becomes insolvent?

1 Answer

0

Posted

Yes. For many lines of insurance, policyholder protection is provided through either the Maine Insurance Guaranty Association or the Maine Life and Health Insurance Guaranty Association.