What is the maximum coverage under Guaranty for insurance other than disability and basic/major medical insurance?

The correct answer is $100,000, which reflects the maximum coverage provided by the Nevada Life and Health Insurance Guaranty Association for insurance products, excluding disability and basic or major medical insurance. This financial safety net is designed to protect policyholders in the event an insurance company becomes insolvent.

Understanding this figure is important, as it establishes a limit on the amount that policyholders can expect to recover if their insurer fails, ensuring a degree of financial security for those holding certain types of life and health insurance policies. The Guaranty Association steps in to pay covered claims up to the specified limits, which reinforces consumer confidence in the insurance market.

While the other options present higher figures, they do not align with the established guarantee limit, making $100,000 the correct maximum coverage amount for policies outside the specified categories. This limit is crucial knowledge for both consumers and insurance professionals to understand their rights and protections under state law.