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What is the purpose of the California Life and Health Guarantee Association?

What is the purpose of the California Life and Health Guarantee Association?<br/>

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Asked by Pchinna, Last updated: Sep 03, 2023

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2 Answers

j.Barbara

j.Barbara

j.Barbara
J.Barbara

Answered Mar 07, 2018

The California Life and Health Insurance Guarantee Association is an American entity that was created as a mandatory agency in accordance with the California Life and Health Insurance Association Act of 1991. This organization is made up of licensed insurance companies operating in the state of California.

The aim of the association is to guarantee that all insureds of the members of the association are protected (limited protection) in the event that the insurance company that they purchase the policy from becomes insolvent.

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John Smith

John Smith

John Smith
John Smith

Answered Apr 28, 2017

(Subject to certain limitations) to protect life and helath policy holders and/or insureds when member insurers become insolvent
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