Insurer Failures:
Life/Health Insurer Insolvencies and Limitations of State Guaranty Funds
T-GGD-92-15: Published: Apr 28, 1992. Publicly Released: Apr 28, 1992.
Additional Materials:
- Full Report:
Contact:
GAO discussed its report on the increasing number of life/health insurance company failures and the adequacy of protection for policyholders. GAO noted that: (1) the rate of failures for life/health insurance companies has more than tripled since 1982, with 47 failures in 1989 and 27 in 1990; (2) the state guaranty funds' assessments of insurers have increased from a total of about $50 million to a total of about $465 million; (3) the cost of failures is covered initially by state guaranty funds' assessments of insurance companies, but most states allow insurers to recover their assessments through tax offsets or rate increases; (4) state coverage varies widely, and a multistate insurer's failure can result in unequal treatment of policyholders; and (5) increasing assessments lead to concerns about the capacity of the funds to handle the greater burden that could result from additional insurer failures.
Sep 27, 2018
Small Business Administration:
Actions Needed to Improve Confidence in Small Business Procurement ScorecardGAO-18-672: Published: Sep 27, 2018. Publicly Released: Sep 27, 2018.
Sep 24, 2018
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Small Business Contracting:
Small Business Administration Could Further Strengthen HUBZone Eligibility Reviews in Puerto Rico and ProgramwideGAO-18-666: Published: Sep 24, 2018. Publicly Released: Sep 24, 2018.
Aug 23, 2018
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Consumer Protection:
Gender-Related Price Differences for Goods and ServicesGAO-18-500: Published: Aug 9, 2018. Publicly Released: Aug 23, 2018.
Jun 5, 2018
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Small Business Loans:
Additional Actions Needed to Improve Compliance with the Credit Elsewhere RequirementGAO-18-421: Published: Jun 5, 2018. Publicly Released: Jun 5, 2018.
May 14, 2018
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Event Ticket Sales:
Market Characteristics and Consumer Protection IssuesGAO-18-347: Published: Apr 12, 2018. Publicly Released: May 14, 2018.
Jan 31, 2018
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Small Business Research Programs:
Agencies Need to Take Steps to Assess Progress Toward Commercializing TechnologiesGAO-18-207: Published: Jan 31, 2018. Publicly Released: Jan 31, 2018.
Jan 4, 2018
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Small Business Contracting:
SBA Efforts May Clarify the Assignment of Industry Codes, and Most Code Appeals Were DismissedGAO-18-76: Published: Dec 5, 2017. Publicly Released: Jan 4, 2018.
Dec 19, 2017
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Drug Industry:
Profits, Research and Development Spending, and Merger and Acquisition DealsGAO-18-40: Published: Nov 17, 2017. Publicly Released: Dec 19, 2017.
Oct 25, 2017
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Small Business Contracting:
Actions Needed to Demonstrate Compliance with Requirements for Small Business AdvocatesGAO-18-191T: Published: Oct 25, 2017. Publicly Released: Oct 25, 2017.
Sep 25, 2017
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Small Business Contracting:
Actions Needed to Demonstrate and Better Review Compliance with Select Requirements for Small Business AdvocatesGAO-17-675: Published: Aug 25, 2017. Publicly Released: Sep 25, 2017.
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