Which of the following statements about state insurance guaranty funds

Which of the following statements about state insurance guaranty funds is (are) true? I. They limit the amount that policyholders can collect if an insurer becomes insolvent. II. They are usually funded by general revenues of the states.

A) I only
B) II only
C) both I and II
D) neither I nor II

 

 

ANSWER

Answer: A

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