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Where does the Texas Guaranty Association get the money to provide this coverage?

April 26, 2017Association coverage Guaranty money Texas

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Where does the Texas Guaranty Association get the money to provide this coverage?

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The Texas Guaranty Association is authorized to make assessments against all insurers licensed to issue life, health or annuity policies in Texas. Membership in the Association is mandatory for any insurance company that is licensed to issue the types of policies covered by the Texas Guaranty Association.