What is GUARANTY FUNDS?

A fund that has money in it from an insurers business in the state. It is required by the state. It is used to cover debts and claims. It is called an insolvency fund.

More On This Topic



Link to This Definition
Did you find this definition of GUARANTY FUNDS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary