Illinois Life & Health Insurance Guaranty Association 8420 W. Bryn Mawr Avenue, Suite 550 / Chicago, IL 60631-3404 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      How does the Association fulfill its obligations? The Association generally fulfills its obligations by either: (a) directly assuming and paying the obligations of the insolvent insurer under the covered policies or contracts, or (b) reinsuring the policies and contracts with another solvent insurer that agrees to assume the obligations of the insolvent insurer.   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.   [ Back to FAQ list ]