The Illinois Life and Health Insurance Guaranty Association is here to help Illinois policyholders when an HMO, health, or life insurance company fails as authorized by the statute which created the Illinois GA. In the event of an insurance insolvency impacting Illinois residents, the Illinois GA steps in to provide protection. The Illinois GA was created in 1980 by the Illinois General Assembly when it enacted the Illinois Life and Health Insurance Guaranty Association Act.
It was created to ensure that Illinois residents would be provided certain protections if their HMO, life, health or annuity insurance company was determined to be insolvent and liquidated by court order. The Illinois Life and Health Insurance Guaranty Association is an association of insurance companies that are licensed to write applicable policies and contracts in Illinois.
If any of these member insurers become insolvent, the Illinois GA provides protection subject to certain statutory limits. The protection provided by the the Illinois GA is based on Illinois law and on the language of the insolvent company's policies at the time of insolvency.
It was created to ensure that Illinois residents would be provided certain protections if their HMO, life, health or annuity insurance company was determined to be insolvent and liquidated by court order. The Illinois Life and Health Insurance Guaranty Association is an association of insurance companies that are licensed to write applicable policies and contracts in Illinois.
If any of these member insurers become insolvent, the Illinois GA provides protection subject to certain statutory limits. The protection provided by the the Illinois GA is based on Illinois law and on the language of the insolvent company's policies at the time of insolvency.
Services
The Illinois Life and Health Insurance Guaranty Association is a non-profit legal entity that provides limited protection for the HMO, life, health, annuity, and unallocated annuity policies or contracts owned by Illinois residents if their insurance company becomes insolvent and is ordered liquidated by a court.
The protection provided by the Illinois GA is based on Illinois law and on the language of the insolvent company's policies at the time of the insolvency.
If you are not an Illinois resident, the guaranty association of the state where you live at the time a company is ordered liquidated may provide you with coverage, unless the insurance company is not licensed in your state.
The protection provided by the Illinois GA is based on Illinois law and on the language of the insolvent company's policies at the time of the insolvency.
If you are not an Illinois resident, the guaranty association of the state where you live at the time a company is ordered liquidated may provide you with coverage, unless the insurance company is not licensed in your state.
Below is a list of insurance company insolvencies for which ILHIGA is currently activated to provide protection to Illinois policyholders.
Please be advised that this list does not include every insolvent insurer that has affected Illinois policyholders.
You may be able to find additional information about insolvent insurers at www.
NOLHGA.com and at the state insurance department where the company is domiciled (state of domicile is listed after the name of the company).
For insolvent insurers domiciled in Illinois additional information may be available at www.osdchi.com.
Please be advised that this list does not include every insolvent insurer that has affected Illinois policyholders.
You may be able to find additional information about insolvent insurers at www.
NOLHGA.com and at the state insurance department where the company is domiciled (state of domicile is listed after the name of the company).
For insolvent insurers domiciled in Illinois additional information may be available at www.osdchi.com.
The Illinois Life and Health Insurance Guaranty Association was established to provide protection in the event that your life, annuity or health insurance company becomes financially unable to meet its obligations and is taken over by its Insurance Department.
If this should happen, the Illinois GA will typically provide protection, in accordance with Illinois law, with funding from assessments paid by other insurance companies.
The Illinois GA is authorized to provide protection in a variety of ways depending on the line of business.
If this should happen, the Illinois GA will typically provide protection, in accordance with Illinois law, with funding from assessments paid by other insurance companies.
The Illinois GA is authorized to provide protection in a variety of ways depending on the line of business.
If you have questions about a specific insolvent insurance company or a general question about the protection provided to Illinois resident policyholders by the Association, please contact us by telephone, facsimile, mail, or email shown below; or, just fill out your name, email address, and message in the spaces below and click 'SEND'.
WARNING: Email is not a secure form of communication.
Please DO NOT send non-public personal information or other confidential information by email.
Media Inquiries: Members of the media should include the reporter name, outlet name, background regarding story, deadline, requested interview format [email, phone, or in-person conversation] and questions in the body of the message.
WARNING: Email is not a secure form of communication.
Please DO NOT send non-public personal information or other confidential information by email.
Media Inquiries: Members of the media should include the reporter name, outlet name, background regarding story, deadline, requested interview format [email, phone, or in-person conversation] and questions in the body of the message.
Reviews
Be the first to review Ilhga.
Write a Review
