Is the NASW RRG covered under state guaranty funds?

The NASW RRG is a federally authorized program regulated by the DC Department of Insurance, Securities, and Banking and is exempt from state guaranty funds. The program is reinsured by The Swiss Re Group.

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer.  They are committed to adhering to all applicable legal and regulatory requirements, the highest professional and ethical standards and its stated corporate values.

For more than 150 years, it’s been Swiss Re’s business to enable risk-taking. Together with its clients and partners, the company has helped people all over the world to turn pioneering ideas into reality or to get back on track when things go wrong. Swiss Re was chosen to reinsure the NASW-Endorsed Program because of its extensive experience with programs such as this.

The Swiss Re Group is bound by contract to this program, and the necessary monies to pay all potential future claims are set aside just as they are with any insurer. The NASW RRG was required to have sufficient capital and reserves before it could be authorized to write insurance by the regulators that oversee it. Members will not be liable for losses due to any reason.

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