The mandate is seen as necessary if insurance companies will be required to guarantee issue of health insurance policies and cover pre-existing conditions.
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To this end, it could provide some basic level of insurance or guarantee to all its members.
Policyholders can rely on the insurance guarantee funds of the various states, to the extent that they are available.
For instance, if the law still requires insurance companies to guarantee individuals insurance, the lack of a mandate would enable people to wait until they become sick or injured to buy health insurance, which would result in skyrocketing health care costs and make the system unsustainable.
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Critics also said encouraging individuals to buy health insurance could undermine the system of employee-based health insurance, with no guarantee a new system would emerge to replace it.
The loan guarantee acts as lenders' insurance in case of default or unforeseen delay for technologies trying to go commercial for the first time.
First, neither of these options guarantee income distributions the way most insurance-backed annuity products do.
However, the company is working on providing some sort of guarantee that would apply in cases where the personal insurance does not apply.
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Mr Clinton spent the first two years of his presidency trying and failing to guarantee all citizens medical insurance.
While this is not the same as a Federal guarantee, no state life insurance fund has ever let one of its members renege on its claims.
At the same time as the Treasury announcement, the Federal Deposit Insurance Corp. said it would temporarily guarantee new issues of bank debt fully protecting the money even if the institution fails.
After early incidents of vandalism, Airbnb established a limited guarantee (although not an actual insurance policy) for hosts, and the company emphasizes that its detailed profiles and authentic reviews (after confirmed stays) help protect guests.
The House bill would extend insurance coverage to 36 million uncovered Americans and guarantee that 96 percent of Americans have coverage, according to the nonpartisan Congressional Budget Office.
Health insurance, by contrast, provides individuals a guarantee to a defined set of benefits for a price.
Granting combatant status also would guarantee that beneficiaries of military service members killed in the attack can receive the maximum life insurance benefit, according to Carter's office.
Creating a European equivalent of the FDIC -- through a banking union -- would pool the eurozone's insurance to guarantee bank deposits, and thus reassure investors.
The group proposes to lessen the risk to taxpayers through guarantee fees for mortgage-backed securities and by requiring mortgage insurance where the borrower is financing 80% or more of the loan value.
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