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California Life & Health Insurance Guarantee Association
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PO Box 16860 / Beverly Hills, CA 90209-3319 |
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Frequently Asked Questions  |
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What kinds of plans, policies, and benefits are not protected by the Guarantee Association?
Policies sold by insurers not licensed to do business in California; policies issued by medical, health, or dental care service corporations; managed care plans; self-insured employer plans; fraternal benefit society insurance certificates; policy benefits the insurer does not guarantee--for example, the non-guaranteed portion of a variable life insurance contract sold by prospectus, or benefits for which the individual has assumed the risk; guaranteed interest rate yields that exceed the rate specified by the California Life & Health Insurance Guarantee Association Act; most unallocated annuity contracts; and charitable gift annuities. Other less commonly known types of insurance policies, and certain types of benefits provided under insurance policies or annuities are also not protected. If you are unsure if your policy is protected you should contact your insurer. |
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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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