| Category: | Insurance agency, |
|---|---|
| Address: | 1 Bowdoin St # 200, Boston, MA 02114, USA |
| Postal code: | 02114 |
| Phone: | (617) 603-4127 |
| Website: | https://www.gfms.org/faq.php?state=maine |
| Monday: | 8:00 AM – 4:30 PM |
|---|---|
| Tuesday: | 8:00 AM – 4:30 PM |
| Wednesday: | 8:00 AM – 4:30 PM |
| Thursday: | 8:00 AM – 4:30 PM |
| Friday: | 8:00 AM – 3:15 PM |
| Saturday: | Closed |
| Sunday: | Closed |
There are no reviews yet!
You can review this Business and help others by leaving a comment. If you want to share your thoughts about Maine Insurance Guaranty Association, use the form below and your opinion, advice or comment will appear in this space.
The Maine Insurance Guaranty Association ("MIGA") is a non-profit, unincorporated association of all Maine-licensed property and casualty insurers. It was created by the Maine legislature to provide protections to Maine policyholders and claimants in the event an insurance company becomes insolvent. MIGA pays covered claims as authorized by the ...
The Maine Insurance Guaranty Association will become possessed of your claim file directly from the insolvent insurer and promptly assume claims administration. With respect to life or health insurance or annuities, frequently blocks of business of financially troubled or insolvent insurers are sold to other insurers. If that should happen ...
Welcome to the Maine Life & Health Insurance Guaranty Association ("guaranty association") Web site. We hope you find this site helpful in providing information regarding the purpose of the guaranty association and how it protects resident policyholders in the event of an insurance company insolvency.
Find company research, competitor information, contact details & financial data for Maine Insurance Guaranty Association of Boston, MA. Get the latest business insights from Dun & Bradstreet.
Company profile page for Maine Insurance Guaranty Association including stock price, company news, press releases, executives, board members, and contact information
Program 1. During the year the Association provided protection to policyholders & claimants of insolvent insurers in accordance with the state statute. Expenses. $2,093,252.
See 24-A M.R.S. § 4443(1) (2006). The Beanes contend that the trial court erred, inter alia, in holding that they failed to exhaust the limits of a solvent insurance policy under the Maine Insurance Guaranty Association Act. We agree and vacate the judgment. I. BACKGROUND
This appeal raises a question of the interpretation of the Maine Insurance Guaranty Act, 24-A M.R.S.A. §§ 4431-4452 (1990 & Supp.1990), in its relationship to the workers' compensation system. The Guaranty Act created the Maine Insurance Guaranty Association (MIGA) to administer a guaranty fund to cover certain obligations of insolvent insurers.
Maine Insurance Guaranty Association Testimony in Opposition to LD 694 March 15, 2021 Page 2 of 5 Property and Casualty guaranty funds were established with a specific purpose in mind: to provide timely compensation as defined by statute to policyholders and claimants if an insurance company becomes insolvent and is ordered into liquidation.