Which of the following was created to protect policyowners, insureds, and beneficiaries under insurance contracts when insurers fail to perform contractual obligations due to financial impairment?

Which of the following was created to protect policyowners, insureds, and beneficiaries under insurance contracts when insurers fail to perform contractual obligations due to financial impairment?


A. New Jersey Insurance Solvency Association

B. New Jersey Consumer Protection Organization

C. New Jersey Life and Health Guaranty Association

D. New Jersey Insurance Consumer Protectorate


Answer: C. New Jersey Life and Health Guaranty Association

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