What Is NOLHGA?

The National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) is an association made up of the life and health insurance guaranty associations in all 50 states and the District of Columbia. Guaranty associations protect policyholders when an insurance company fails (also known as an “insolvency” or “liquidation”). The guaranty associations act as a safety net for insurance consumers across America, ensuring they continue to receive coverage (up to state-defined limits) even if their insurer fails.

Established in 1983 to coordinate efforts among the state guaranty associations as they protect policyholders during insolvencies. NOLHGA usually assists its member guaranty associations when an insurance company failure affects policyholders in many states.

NOLHGA’s Mission

To support its member guaranty associations in protecting policyholders in insolvencies, and in responding to external developments so as to promote the values and interests of the life and health insurance guaranty system.

Million Policyholders Protected

$ 0

Billion In Coverage Benefits Guaranteed

$ 0

Billion in guaranty association funds paid to consumers

1983

Established to coordinate, protect, and assist state guaranty associations

Fast & Efficient

State guaranty associations provide coverage (up to the limits in each state’s law) for policyholders of insurers licensed in their state. Working through an insolvency task force of guaranty association representatives, NOLHGA helps its member associations provide quick and cost-efficient protection to policyholders by:

Analyze

Helping the state guaranty associations analyze the failed insurer’s commitments to policyholders and devise a plan to ensure that covered claims are paid.

Arrange

Helping the associations arrange for covered policies to be transferred to a financially stable insurer (if necessary).

Allocate

Helping with efforts to sell the assets of the failed insurer to provide as much funds as possible for policyholder protection (if necessary).

State guaranty associations reduce costs by pooling resources in the NOLHGA task force. Instead of each association hiring its own legal and financial experts, the NOLHGA task force uses a single team, saving money. This coordinated effort also speeds up resolution and claims payments.