Your Partner in Health Insurance
The Rhode Island Life & Health Insurance Guaranty Association is a statutory entity created in 1985, established by the Rhode Island General Assembly to protect the state's residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company. As a guaranty association, we are responsible for providing protection to Rhode Island residents who hold life and health insurance policies or individual annuities with an insolvent insurer. Our goal is to ensure that policyholders receive the benefits and coverage they are entitled to, up to the limits specified by Rhode Island law.
Protection Against Insolvency
In the event of an insurance company's insolvency, the guaranty association takes over the responsibility of servicing the insurance company's policies and providing coverage to Rhode Island residents. The protection provided by the guaranty association is based on Rhode Island law and the language of the insolvent company's policies at the time of insolvency. We work closely with the state's insurance department and other regulatory agencies to ensure that policyholders receive the protection they are entitled to.
Services Offered
As a guaranty association, we offer the following services:
- Protecting life and health insurance policyholders and beneficiaries from the financial losses resulting from an insolvent insurance company
- Providing coverage and benefits to policyholders up to the limits specified by Rhode Island law
- Facilitating the transfer of policies to another insurance company to ensure continued coverage
- Working with state regulatory agencies to ensure compliance with state and federal laws
- Providing information and answers to frequently asked questions to help policyholders understand their rights and options
Frequently Asked Questions
If you have a question about your insurance policy or the guaranty association, please refer to our FAQs section or contact us at the contact information provided below.
History of the Guaranty Association
The Rhode Island Life & Health Insurance Guaranty Association was established in 1985, with the goal of protecting state residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company. Over the years, we have worked closely with the state's insurance department and regulatory agencies to ensure that policyholders receive the protection they are entitled to.
Conclusion
The Rhode Island Life & Health Insurance Guaranty Association is committed to providing protection and peace of mind to our policyholders. We are dedicated to ensuring that policyholders receive the benefits and coverage they are entitled to, and we work closely with state regulatory agencies to ensure compliance with state and federal laws.
5-Star Review
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Service and Assistance
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Overall Assessment
Jose's glowing review emphasizes the company's strengths, stating that Premier Insurance RI has achieved a perfect score due to its exceptional client services.
