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Illinois Life & Health Insurance Guaranty Association
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8420 W. Bryn Mawr Avenue, Suite 550 / Chicago, IL 60631-3404 |
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Frequently Asked Questions  |
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What are the Association's obligations with respect to covered persons?
The Association has two primary duties. First, it must guarantee, assume or reinsure the covered policies and contracts issued by the insolvent insurer to covered persons. Second, it must assure payment of the contractual obligations of the insolvent insurer to such covered persons. |
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| NOTE: This information is not intended as legal advice, and no liability is assumed in connection with its use. The applicable state guaranty association statute is the controlling authority, regardless of any information presented on this site. Users should seek advice from a qualified attorney and should not rely on this compilation when considering any questions relating to guaranty association coverage. |
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