Welcome to the South Dakota 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 South Dakota Life and Health Insurance Guaranty Association is a statutory entity created in 1989 when the South Dakota legislature enacted the South Dakota 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 South Dakota.
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 to another insurance company. In any case, policyholders should continue making premium payments to keep their coverage in force.
Below is a list of insurance company insolvencies for which the South Dakota guaranty association has been activated to provide protection to South Dakota policyholders. Please be advised: this list may not include every insolvent insurer that has affected this state's policyholders. You may be able to find additional information at the South Dakota Division of Insurance Web site.
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