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 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.
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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.
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.
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.
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'.
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