Ilhga

A Safety Net for Illinois Policyholders

The Illinois Life and Health Insurance Guaranty Association stands with Illinois residents when facing the unexpected inconvenience of an insurance company going insolvent. Established in 1980 by the Illinois General Assembly, this non-profit association offers vital protection for various types of insurance policies, including health, life, and annuities.

What We Do

If an insurance company licensed to operate in Illinois becomes insolvent and is ordered liquidated, the Illinois GA steps in to:

• Pay claims: The Association steps in to settle valid claims, ensuring policyholders receive compensation for covered losses.
• Continue coverage: In certain cases, the Illinois GA can take over specific policies, offering continuity of coverage.
• Transfer policies: When applicable, the association can facilitate the transfer of policies to another reputable insurance company.

Our History and Principles

The Illinois GA was born out of a need to safeguard Illinois residents during periods of financial instability within the insurance industry. Guided by the principles of fairness, transparency, and financial responsibility, the Association consistently strives to:

• Provide clarity and guidance to policyholders facing potential insurer insolvency.
• Minimize disruption to the lives of those affected by offering prompt and efficient services.
• Collaborate with relevant stakeholders to ensure the stability and security of the Illinois insurance market.

Our Commitment

The Illinois Life and Health Insurance Guaranty Association considers it an unwavering responsibility to uphold its role in protecting policyholders and ensuring their access to essential coverage. We remain vigilant in monitoring the industry landscape and advocating for measures that can prevent future insurance company insolvencies.