Question

Most guaranty funds are funded ____ any insurance companies in the state become insolvent.

a) Before
b) After
c) When
d) If

Answer 1

Most guaranty funds are funded if any insurance companies in the state become insolvent.

Step-by-step explanation:

The correct answer is d) If. Most guaranty funds are funded if any insurance companies in the state become insolvent. They act as a safety net to protect policyholders in case an insurance company fails. These funds are typically supported by assessments or premiums paid by insurance companies.