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 provide such substitute coverage? The Association may either reissue the terminated coverage or may issue an alternative policy which has been approved by the Illinois Director of Insurance. If the Association reissues the terminated policy, it may set new premiums for such policies so long as such premiums are approved by the Director or a court order. If the Association provides an alternative policy, it may set new premiums for such policy so long as such premiums do not reflect any change in health of the insured since the original policy was issued or renewed.   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 ]