Business Details
25 Years
experience
Your Insurance Protection Partner in Hawaii
Established under the Hawaii Guaranty Association Act, we serve as a statutory safeguard for Hawaii residents facing insurance company insolvencies. Our organization ensures continuity of life, health, and annuity coverage for policyholders when member insurers fail, operating under court supervision and state-mandated protection limits. With over two decades of service since our founding in 2001, we administer policies and process claims for affected residents while maintaining strict compliance with evolving insurance regulations. Our team specializes in navigating complex insurance liquidations, having managed transitions for multiple insolvent carriers including Penn Treaty Network America Insurance Company.We provide transparent information resources and direct support to policyholders, ensuring they understand their rights and protections under Hawaii law. Our statutory framework enables us to assume responsibility for insolvent insurers' obligations while maintaining financial accountability through industry assessments. We maintain rigorous legal compliance while prioritizing policyholder needs during transitional periods following insurer failures.
Services
Insurance Protection
Policy Administration
Claims Processing
Insolvency Support
Legal Compliance
Policyholder Assistance
Coverage Limits
Court-Supervised Liquidation
Information Resources
Contact Support
Details
- Year established: 2001
Highlights and features
- We operate under Hawaii's statutory insurance protection framework
- Our team manages complex insurance liquidation transitions
- We maintain compliance with evolving insurance regulations
- We provide direct policyholder support during insurer failures
- Our statutory authority ensures legal compliance and accountability
Services
Insurance Protection
We provide statutory insurance protection for Hawaii residents when member insurers become insolvent. Our service ensures uninterrupted life, health, and annuity coverage within legally defined limits. We assume responsibility for policy obligations during court-supervised liquidations.
Policy Administration
We administer insurance policies transferred from insolvent carriers, maintaining accurate records and processing policy changes. Our team ensures compliance with original policy terms while managing ongoing administrative requirements.
Claims Processing
We evaluate and process insurance claims for policyholders affected by insurer insolvencies. Our procedures maintain claim adjudication standards while ensuring timely payments according to policy terms and statutory requirements.
Insolvency Support
We support policyholders during insurance company liquidations by assuming coverage responsibilities. Our services include transition planning, policy evaluation, and ongoing support throughout the liquidation process.
Legal Compliance
We maintain strict compliance with Hawaii insurance laws and statutory requirements. Our operations align with current regulations while managing policy transitions during insurer insolvencies.
Questions
What is the Hawaii Life & Disability Insurance Guaranty?
We are a statutory entity created by Hawaii law to protect policyholders when insurance companies become insolvent.
What coverage limits apply to protected policies?
Coverage limits are defined by Hawaii insurance statutes and vary by policy type and insolvency circumstances.
What happens when an insurer becomes insolvent?
We assume responsibility for policy obligations under court supervision and statutory protection limits.
Which policies qualify for protection?
Life insurance, health insurance, and individual annuities from Hawaii-licensed insurers qualify for protection.
How is the Guaranty Association funded?
We are funded through industry assessments on member insurers to cover obligations from insolvent companies.
