3-32 In the case of an insurance company failure,policyholders immediately receive a payout of the cash surrender value of their policies.

Question

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In case of an insurance company failure, policyholders may receive payouts through state guaranty associations, which provide limited coverage up to a certain amount. The payout amount may not necessarily be the cash surrender value of the policies.

3-32 in the Case of an Insurance Company Failure,policyholders Immediately