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Michigan Life & Health Insurance Guaranty Association
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1640 Haslett Road, Suite 160 / Haslett, MI 48840-8683 |
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Frequently Asked Questions  |
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What is the Michigan Life & Health Insurance Guaranty Association?
The Michigan Life & Health Insurance Guaranty Association was created by the Michigan legislature to protect Michigan residents who are policyholders of life or health policies issued by an insolvent insurance company, up to specified limits. All insurance companies (with limited exceptions) licensed to write life and health insurance or annuities in Michigan are required, as a condition of doing business in the state, to be members of the guaranty association. If a member company becomes insolvent, protection is provided through assessments of the guaranty 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.
Although licensed in Michigan, policies issued by the following entities are not covered by MLHIGA: a nonprofit health care corporation (e.g., Blue Cross/Blue Shield), a health maintenance organization, a fraternal benefit society, a nonprofit dental care corporation (e.g., Delta Dental), a mandatory state pooling plan, a mutual assessment company or similar plan in which the policyholder is subject to future asessments, an insurance exchange, or an organization limited to the issuance of charitable gift annuities. |
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| NOTE: This information is not intended as legal advice, and no liability is assumed in connection with its use. The applicable state guaranty association statute is the controlling authority, regardless of any information presented on this site. Users should seek advice from a qualified attorney and should not rely on this compilation when considering any questions relating to guaranty association coverage. |
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