§ 20-682 – Coverage; limitations
20-682. Coverage; limitations A. This article provides coverage for the policies and contracts specified in subsection B of this section to: 1. A person who, regardless of the state where the person resides, is a beneficiary, assignee or payee, including health care providers rendering services covered under the health insurance policies or certificates, of a […]
§ 20-683 – Life and disability insurance guaranty fund
20-683. Life and disability insurance guaranty fund A. The life and disability insurance guaranty fund is established in the department. The fund shall be deposited in a depository designated by the director. All member insurers shall be members of the fund as a condition of their authority to transact insurance or a health care services […]
§ 20-684 – Life and disability insurance guaranty fund board; composition; compensation
20-684. Life and disability insurance guaranty fund board; composition; compensation A. Subject to the powers of the director, the life and disability insurance guaranty fund shall be administered by a board of eleven members. Each member of the board shall serve for a term of three years. Of the members first appointed, three shall serve […]
§ 20-685 – Powers and duties of the fund
20-685. Powers and duties of the fund A. If a member insurer is an impaired insurer, the fund, subject to any conditions imposed by the fund that do not impair the contractual obligations of the impaired insurer, with the approval of the director, may: 1. Guarantee, assume, reissue or reinsure, or cause to be guaranteed, […]
§ 20-686 – Assessments
20-686. Assessments A. For the purpose of providing the funds necessary to carry out the powers and duties of the fund, the fund shall assess the member insurers, separately for each account, at such times and for such amounts as the fund finds necessary. The member insurers shall be required to pay the assessments within […]