State life and health insurance guaranty associations provide a safety net for their state's policyholders, ensuring that they continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Working together through NOLHGA, the guaranty associations form a national safety net, protecting insurance consumers all across America in their time of need.
The National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) is a voluntary association made up of the life and health insurance guaranty associations of all 50 states and the District of Columbia.
The National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) is a voluntary association made up of the life and health insurance guaranty associations of all 50 states and the District of Columbia.
Services
The Administrative Services Department supports NOLHGA by providing services such as human resources, accounting, membership records, and general facilities management. The department also plans and coordinates the Annual Meeting and provides support services to other departments and to the NOLHGA Board of Directors.
Each fall, NOLHGA holds its annual meeting for members and leading insurance industry and government executives to discuss key insolvency issues. The meeting features panel discussions and/or presentations on pressing issues in the insolvency arena and also features guest speakers from leading insurance companies and consulting firms.
Learning that your life or health insurance company is in trouble can be frightening, but policyholders should take comfort in knowing that state guaranty associations are there to provide protection and continuing coverage. The guaranty system safety net helps keep the promises of the insurance industry, even when companies fail.
The following discussion provides general information about life and health insurance guaranty association ("GA" or "guaranty association") coverage. This information is based on the National Association of Insurance Commissioners' (NAIC) Life and Health Insurance Guaranty Association Model Act ("NAIC Model Act"), which may not be identical in all respects to the laws of a given state.
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