Welcome to the Connecticut Life and 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.
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The Connecticut Life and Health Insurance Guaranty Association is a statutory entity created in 1972 when the Connecticut legislature enacted the Connecticut Life and Health Insurance Guaranty Association Act (P.A. 280). The guaranty association is composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the state of Connecticut.
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, subscriber contract, or certificate to another insurance company. In any case, the appropriate party should continue making premium payments to keep their coverage in force.
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