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      When do the Association's obligations under a covered, reissued or alternative policy or contract cease? The Association's obligations with respect to such policies and contracts cease on the earliest to occur of: - The date on which the policyholder, the insured or the Association replaces such policy with another policy, - The date on which the policy or contract terminates and the Association is not obligated to reissue such policy or contract or to provide an alternative policy, - Thirty-one days after the nonpayment of any premiums due to the Association, or - The date on which the maximum amount of benefits payable by the Association to a covered person or on a policy or contract has been paid.   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 ]