Protecting Your Coverage When You Need it Most
Established in 1992, the District of Columbia Life & Health Insurance Guaranty Association is a statutory entity created to provide protection to District of Columbia residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company. The guaranty association is composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the District of Columbia.
Our Mission
The mission of the District of Columbia Life & Health Insurance Guaranty Association is to ensure that policyholders continue to receive the benefits and coverage provided by their life and health insurance policies, even in the event of an insurance company insolvency. We work tirelessly to provide protection to District of Columbia residents, ensuring that their financial security is maintained.
How We Work
When a member insurer is found to be insolvent and ordered to be liquidated by a court, a special deputy receiver takes over the insurer under court supervision and processes the assets and liabilities through liquidation. As the guaranty association, we take over the responsibility of servicing the insurance company's policies and providing coverage to District of Columbia's resident policyholders.
Protection Provided
Our protection is based on District of Columbia law and the language of the insolvent company's policies at the time of insolvency. We make every effort to ensure that the information provided is in accordance with the most current law in the event of changes to the Guaranty Association Act or other laws.
Services Offered
- Continuation of coverage for policyholders, even in the event of an insurance company insolvency
- Processing of claims and benefits for policyholders
- Liquidation of assets and liabilities of insolvent insurance companies
- Protection for policyholders with a specific focus on individual policyholders and their beneficiaries
- Coverage for group life, group annuity, or group health insurance policies
Types of Policies Covered
The District of Columbia Life & Health Insurance Guaranty Association covers direct individual or direct group life and health insurance policies, as well as individual annuity contracts issued by our member insurers. Our coverage is limited by the terms of the District of Columbia Life & Health Insurance Guaranty Association Act.
Contact Us
If you have any questions or concerns, please feel free to refer to the Frequently Asked Questions section of our website or reach out to our team. We are committed to providing accurate and timely information to our policyholders and stakeholders.
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