Assuris provides protection for policyholders by guaranteeing benefits if an insurer goes bankrupt. Which option best describes this protection?

• A. Non-profit organization
• B. If insurer bankrupt
• C. Guarantee 85% of promised amount
• D. Payment to court if conflicts

Answer: (C)

Assuris exists to protect policyholders when a life or health insurer becomes insolvent, ensuring you still receive most of the benefits you were promised. The protection provides a defined portion of those benefits, typically around 85% of the promised amount, up to specified limits. This means that if your insurer fails, Assuris covers a substantial portion of your benefits, while the remaining amount may be paid by a successor insurer or handled under the policy terms. It’s not about a general court payment or guaranteeing every dollar in all situations, and it’s not simply about the nonprofit status. The idea is to prevent policyholders from losing nearly all benefits due to insolvency, which is why this description best fits what Assuris provides.