What is the Idaho Life & Health Insurance Guaranty Association?
The Idaho Life and Health Insurance Guaranty Association was created by the Idaho Legislature in 1977 to protect state residents who are policyholders and beneficiaries of policies issued by an insolvent member insurance company, up to specified limits. All insurance companies (with limited exceptions) licensed to write life and/or disability insurance in Idaho are required, as a condition of doing business in the state, to be members of the Association. If a member company becomes insolvent, money to continue coverage and pay claims is obtained through assessments of the Association’s other member insurance companies writing the same line or lines of insurance as the insolvent company. All 50 states, the District of Columbia, and Puerto Rico have life and health insurance guaranty associations.
