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 protection provided by the Association is based on the language of the policy, Idaho law, and the Guaranty Association Act at the time of insolvency.
We will make every effort to ensure that the information provided on this site accurate. However, if there should be any inconsistency between the Guaranty Association Act or any other law or regulation and the information on this website, the relevant law will control. Because of the ever-changing nature of insurance products and relevant laws and the dramatic variations in policy language, the Association cannot make statements regarding coverage of a specific policy unless it is a policy with a company for which the association has been activated to provide protection (a company that has been placed into court-ordered liquidation). Finally, this Web site is for general information purposes and should not be relied upon as legal advice.
We hope you find the information provided in this Web site useful. Be sure to read the Frequently Asked Questions section of the site for more information, and please refer to the Contact Us section if you have any questions for the Association.