Guaranty Fund

  • In the U.S., many states have laws that permit insurers to offset a portion of their future premium, income and/or franchise tax liabilities by the amount of the guaranty association assessments they have paid (e.g., 20% over 5 years).
  • This, in turn, reduces the tax bases of those states.  (p4)

2018 0223 - ACLI Letter to FSB - [PDF-5p]