Idaho Life & Health Guaranteed

The Idaho Life and Health Insurance Guaranty Association is a non-profit organization dedicated to providing financial protection to policyholders in the event of an insurance company insolvency. As a guaranty association, we work to ensure that policyholders receive uninterrupted coverage and timely payments when an insurance company becomes insolvent. Our mission is to provide peace of mind to Idaho residents, knowing that they are protected in the event of an insurance company failure.

History and Purpose

The Idaho Life and Health Insurance Guaranty Association was established in 1977 when the Idaho Legislature enacted the Idaho Life and Health Insurance Guaranty Association Act. The association's primary objective is to protect policyholders and their beneficiaries in the event of an insurance company's insolvency. We achieve this by providing coverage up to specified limits, as set out in the Idaho Life and Health Insurance Guaranty Association Act.

How We Protect Policyholders

When an insurance company becomes insolvent, we take over the responsibility of servicing the company's covered policies and providing coverage to Idaho's resident policyholders. Our protection is based on the language of the policy, Idaho law, and the Guaranty Association Act at the time of insolvency. We work tirelessly to ensure that policyholders receive uninterrupted coverage and timely payments, often partnering with other insurance companies to provide a seamless transition.

Coverage and Limitations

We cover non-group life and health insurance policyholders and their beneficiaries, individuals who own annuity contracts, and persons protected by certificates of insurance issued under policies of group life or group health insurance. The scope of our coverage is generally limited by the terms of the Idaho Life and Health Insurance Guaranty Association Act and the policy language at the time of insolvency.

Frequently Asked Questions

We understand that policyholders may have questions about our coverage and operations. To answer some of the most common inquiries, we have compiled a list of frequently asked questions, which can be found in the Additional Information section of our website.