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Answered

The purpose of the Minnesota Life and Health Insurance Guaranty Association is to:

A. Guarantee the professionalism of agents.
B. Protect consumers against insolvent insurers.
C. Guarantee that all insurers use the same premium rates.
D. Regulate the insurance policy rates.



Answer :

GinnyAnswer

Final answer:

The purpose of the Minnesota Life and Health Insurance Guaranty Association is to protect consumers against insolvent insurers.


Explanation:

The purpose of the Minnesota Life and Health Insurance Guaranty Association is to protect consumers against insolvent insurers. This association steps in to help policyholders if an insurance company becomes financially unable to fulfill its obligations, ensuring that individuals are still covered.


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