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How long does a policyholder have to wait to receive a payment from the guaranty fund?

It varies, but claim payments usually begin as soon as possible once a company is ordered liquidated. The process is speeded by guaranty funds receiving “early access” to estate assets. It is not uncommon for claims to be paid within 60-90 days after the order of liquidation.
The SDIGA, coordinating with the receivers of the liquidating companies, works hard to avoid any interruption in periodic benefits that are being paid to claimants, such as workers’ compensation disability benefits.



faq | by Dr. Radut