Illinois Life & Health Insurance Guaranty Association 8420 W. Bryn Mawr Avenue, Suite 550 / Chicago, IL 60631-3404 Home About Us FAQs Insolvencies Additional Info Links Terms of Use Contact Us Frequently Asked Questions    01.  What happens when my insurance company goes out of business? 02.  How is policy coverage determined? 03.  What is the Illinois Life & Health Insurance Guaranty Association? 04.  When are the duties of the Association triggered? 05.  What types of policies or contracts are covered by the Association? 06.  Who is covered by the Association? 07.  At what point in time is coverage determined? 08.  What claims are covered by the Association? 09.  What are the Association's obligations with respect to covered persons? 10.  Are there any limitations on the Association's obligations? 11.  Is there any limitation on the amount of interest the Association is obligated to pay with respect to covered policies or contracts that provide for guaranteed minimum interest rates? 12.  Are there any other limitations on the Association's liability? 13.  How does the Association fulfill its obligations? 14.  May the Association terminate benefits under a policy or contract? 15.  What are the Association's obligations in the event that the Association terminates benefits pursuant to Question 14 above? 16.  How does the Association provide such substitute coverage? 17.  Are there any other conditions which a person must satisfy in order to receive payments from the Association? 18.  When do the Association's obligations under a covered, reissued or alternative policy or contract cease?