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What happens to policyholder if Life insurance company goes bankrupt?
If a life insurance company goes bankrupt or becomes insolvent, the life insurance policyholder may be protected by the life insurance guaranty fund in their state, if the life insurance company was a licensed insurer in the state. Guaranty funds usually provide from $100,000 to $500,000 of protection per policy, but many states provide up to $300,000 of protection. The National Organization of Life and Health Guaranty Associations provides information on the specific state rules as to the protection afforded to life insurance policyholders in a particular state. You can visit their site at www.nolhga.com and look up State Guaranty Laws to determine the coverage that may apply to you, and further research this topic. Before declaring bankruptcy or insolvency before the competent Court, they are to meet up the liabilities of their sundry creditors and policy holders whose maturity payments have become due, to the full satisfaction of the Hon'ble Court of the country.
What IMF fund was created to provide loans to poor member countries?
The IMF has created various loan facilities such as the Trust Fund to provide loans to its poorest member countries.
What is the definition of fund?
The definition of the word fund is a sum of money made available for a specific purpose. That would be a noun. Using fund as a verb is defined as to provide money for a particular purpose.
What purpose does an index fund provide?
Index fund is a investment scheme that provides the movement of a specific financial market. You can track your index by paying a certain fee. Index fund is available in TSX.
Where can one find information on the Fidelity equity fund?
The best official source of information on the Fidelity Equity Fund is on the official Fidelity website. For a more independent view other sites such as Fund Search and Sulekha provide statistics on the fund.
What group that refused to provide financial aid to Argentina?
international monetary fund
Main functions of International Monetary fund?
One of the roles of International Monetary Fund is to provide loan to the international importer who do not have immediate cash to pay with.
What types of insurance does State Fund provide?
State Fund Insurance provides various types of insurance products. State Fund Insurance provides auto, home, flood, life, umbrella, and boat insurance.
How does the government provide an education for citizens?
By using collected taxes to fund school facilities
What kind of services does the New York State Insurance Fund provide?
New York State Insurance Fund provides a few different services to its customers. They work with businesses to provide low cost workers compensation and disability insurance.
Is it necessary to provide depreciation in the business running in loses?
it is necessary to provide depreciation even business is running in loses or in profit because depreciation provides fund for future and remove the burden of fund for purchasing new machinery when old machinery are broken down.
What services do TrustNet provide?
TrustNet offer their customers many different services. Some services that are offered are: investment trusts, pension fund, fund prices and performance and unit trusts.
