California Life & Health Insurance Guarantee Association PO Box 16860 / Beverly Hills, CA 90209-3319 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      How is protection provided? Protection can be provided in several different ways. For example, the Guarantee Association may provide coverage directly. Or, a financially sound insurer may take over the insolvent company's assets and policies, and assume responsibility for continuing coverage and paying covered claims. In some situations, the Guarantee Association may work with other state guarantee associations to develop an overall plan to provide protection for the insolvent insurer's policyholders. The amount of protection provided, and when you receive it depend on the particular arrangement worked out for handling the insolvent insurer's obligations.   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.   [ Back to FAQ list ]