Guam § 18306 - Liability Policy: Insolvency or Bankruptcy.
Full text of Guam Guam Code Annotated § 18306 — Liability Policy: Insolvency or Bankruptcy., with citation guidance and answers to common questions.
§ 18306. Liability Policy: Insolvency or Bankruptcy.
No policy of liability insurance shall be issued or delivered
in Guam, unless it contains provisions to the effect that the
insolvency or bankruptcy of the insured shall not release the
insurer from the payment of damages for injuries sustained or
loss occasioned during the term of such policy, and that in case
execution against the insured is returned unsatisfied in any action
brought by the injured person or his heirs, because of such
insolvency or bankruptcy, an action may be maintained by the
injured person or his heirs or representatives against such insurer
within the terms and limits of the policy for the amount of the
judgment not exceeding the amount of the policy.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 18306
What does Guam Code Annotated § 18306 cover?
Section 18306 ("Liability Policy: Insolvency or Bankruptcy.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 18306?
A common citation format is "Guam Code Annotated § 18306" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 18306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.