Welcome to the Delaware Life & 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 Delaware Life & Health Insurance Guaranty Association is a statutory entity created in 1982 when the Delaware legislature enacted the Delaware Life and Health Insurance Guaranty Association Act (a link to the Act can be found in the Additional Info section). The guaranty association is composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the state of Delaware.
In most cases, the guaranty association will continue life insurance and annuity contracts, up to the statutory limits as long as premiums are paid or cash value exists. It may do this directly, or, most often, it may transfer the policy to another insurance company. In any case, policyholders should continue making premium payments to keep their coverage in force.
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