Texas Life Insurance Quote » Conroe, Texas http://www.noexamlifeinsurancetexas.com Articles about Texas Life Insurance. Learn and save today! Sat, 20 Aug 2011 19:28:20 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 What If My Insurance Company Goes Bankrupt? http://www.noexamlifeinsurancetexas.com/conroe-texas/what-if-my-insurance-company-goes-bankrupt.html http://www.noexamlifeinsurancetexas.com/conroe-texas/what-if-my-insurance-company-goes-bankrupt.html#comments Thu, 06 Nov 2008 17:06:41 +0000 admin http://www.noexamlifeinsurancetexas.com/conroe-texas/what-if-my-insurance-company-goes-bankrupt.html Readers QuestionL “What if your insurance company does bankrupt?” Llance of Conroe, Texas.

Answer to Readers Question: You should search Florida Department of Insurance Statutes for Guaranty Fund and Insolvency for this information because you need to name the insurance company.

I cannot determine the amount of guaranteed coverage and therefore I recommend you call their office for the information as you would have to answer questions, give your policy number,and amount.

Remember, the policy must be issued by a licensed insurer to be covered by the Guaranty Fund. Also, some companies may be non-authorized or Surplus Lines. These companies are not covered by the Guaranty Fund. That means you’re on your own if they go bankrupt.

 

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