Life insurance guaranty funds
A. are sponsored by state insurance regulators.
B. involve a permanent reserve fund similar to the FDIC's bank deposit reserve.
C. require uniform contributions from each state when there is a failure of an insurance company.
D. make policyholder payments immediately in the event of an insurance company failure.
E. are regulated by the Federal Reserve Bank.
Ans: A. are sponsored by state insurance regulators.
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