Welcome to the Kansas Life & Health Insurance Guaranty Association ("Guaranty Association") Web site. We hope you find this site helpful in providing information regarding the purpose of the Guaranty Association and how it protects resident policyholders in the event of an insurance company insolvency. The company's website also includes a section with FAQs that help address common questions from policyholders and other stakeholders.
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The Guaranty Association is a statutory entity created in 1972 when the Kansas Legislature enacted the Kansas Life and Health Insurance Guaranty Association Act ("Guaranty Association Act").
The Guaranty Association is composed of all insurers licensed to sell life insurance, health insurance, and individual annuities in the state of Kansas.
In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Guaranty Association Act enables the Guaranty Association to provide protection (up to the limits spelled out in the Act) to Kansas residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.
The Guaranty Association is composed of all insurers licensed to sell life insurance, health insurance, and individual annuities in the state of Kansas.
In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Guaranty Association Act enables the Guaranty Association to provide protection (up to the limits spelled out in the Act) to Kansas residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.
In most cases, a guaranty association will continue coverage as long as premiums are paid or cash value exists.
It may do this directly, or, most often, it may transfer the policy to another insurance company.
In any case, policyholders should continue making premium payments to keep their coverage in force.
Coverage is determined by Kansas law and policy language at the time the Guaranty Association is activated to provide protection (when the member insurer is found to be insolvent and ordered liquidated by a court).
It may do this directly, or, most often, it may transfer the policy to another insurance company.
In any case, policyholders should continue making premium payments to keep their coverage in force.
Coverage is determined by Kansas law and policy language at the time the Guaranty Association is activated to provide protection (when the member insurer is found to be insolvent and ordered liquidated by a court).
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