Keeping Insurance Promises: The Context & Operation of the U.S. Insurance Guaranty System

This document is about providing an overview of the U.S. insurance guaranty system, the regulatory context in which it operates, and how it has been able to deliver on its core mission of protecting consumers even during periods of economic stress. It covers the stability and long-term nature of the direct insurance industry, the regulatory safeguards in place, the receivership process for insolvent insurers, and the role and workings of the state-based life and health insurance guaranty system.