Louisiana Life & Health Insurance

The Louisiana Life & Health Insurance Guaranty Association (LLHIGA) is a statutory entity created in 1991 to protect the rights of Louisiana residents who are policyholders of life and health insurance and individual annuities issued by insolvent insurance companies. As a guaranty association, LLHIGA provides protection to Louisiana residents up to specified limits, ensuring that they receive their entitled benefits and continue to receive coverage in the event of an insurance company's insolvency.

Our Purpose

The primary purpose of LLHIGA is to provide a safety net for Louisiana residents by ensuring that they receive their policy benefits in the event of an insurance company's insolvency. We achieve this by providing financial protection to policyholders and beneficiaries of policies issued by insolvent insurance companies. This protection is based on Louisiana law and the language of the insolvent company's policies at the time of insolvency.

Services Provided

LLHIGA provides a range of services to Louisiana residents, including:

• Protection of policyholders and beneficiaries of policies issued by insolvent insurance companies
• Continuation of coverage for life and health insurance policies and individual annuities
• Payment of claims and benefits up to specified limits
• Assessment of member insurance companies to obtain funds to continue coverage and pay claims

Who is Protected

LLHIGA provides protection to individual policyholders and their beneficiaries of life and health insurance policies and individual annuities. This includes persons protected by certificates of insurance issued under policies of group life or group health insurance. The limits on benefits and coverage are established by state law.

Coverage Beyond Louisiana

If you move to another state after purchasing a policy, you will still have guaranty association coverage. This is because guaranty association protection is generally provided by the association in your state of residence at the date of the liquidation order, regardless of where your policy was purchased.

Types of Policies Covered

Generally, direct individual or direct group life and health insurance policies and individual annuity contracts issued by the association's member insurers are covered by LLHIGA. This includes direct individual or group life insurance, accident and health insurance, and individual annuity contracts.

Conclusion

The Louisiana Life & Health Insurance Guaranty Association is committed to protecting the rights of Louisiana residents who are policyholders of life and health insurance and individual annuities issued by insolvent insurance companies. We provide financial protection to policyholders and beneficiaries of policies issued by insolvent insurance companies, ensuring that they receive their entitled benefits and continue to receive coverage in the event of an insurance company's insolvency.