Under Assuris guidelines, what is the coverage limit for segregated funds?

Under the Assuris guidelines, the coverage limit for segregated funds is established to provide a level of protection for policyholders in the event of an insurer's insolvency. The correct answer reflects that coverage is provided up to a specified monetary limit, which is $60,000, or 85% of the guaranteed amounts for segregated funds. This approach is designed to balance investor protection with the financial sustainability of the insurance industry.

This option aligns with the Assuris mandate to protect policyholders while also acknowledging the inherent risks associated with investment products like segregated funds, which can fluctuate in value. The coverage cap ensures that there is a safety net for policyholders, promoting confidence in the financial system.

In contrast, other options do not represent the guidelines accurately. One incorrectly implies a higher coverage limit, while another suggests full coverage without acknowledging the limitations in place or is misaligned with the reality of guaranteed amounts. Overall, the correct choice encapsulates the essence of Assuris' protective measures while adhering to established financial safeguards.