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Welcome to the Idaho Life & Health Insurance Guaranty Association
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Welcome to the Idaho Life and Health Insurance Guaranty Association (the Association) Web site. This site is designed to help owners of life, accident and health/disability, and annuity policies and contracts understand the purpose of the Association and how it protects resident policyholders in the event of an insurance company insolvency.
The Idaho Life and Health Insurance Guaranty Association is a non-profit association whose members are all insurance companies licensed to write life or disability insurance in the State of Idaho. The Association was created in 1977 when the Idaho Legislature enacted the Idaho Life and Health Insurance Guaranty Association Act (the Guaranty Association Act) (a link to the Act can be found in the Additional Info section). In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Association provides protection (subject to the limits spelled out in the Guaranty Association Act) to Idaho residents who are holders of covered life and disability insurance policies and certain annuities issued by the insolvent insurer.
Specifically, when a member insurer is found to be insolvent and is ordered liquidated, the task of servicing the insurance company's covered policies and providing coverage to Idaho's resident policyholders becomes the responsibility of the Association. The... [ more ] |
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