Ohio Insurance Guaranty Associates

As a leading advocate for the life and health insurance guaranty system, NOLHGA is dedicated to protecting policyholders in the event of an insurance company insolvency. With over 40 years of experience, NOLHGA has evolved to meet the ever-changing needs of the insurance industry, ensuring that policyholders continue to receive the coverage they need.

The Importance of NOLHGA

NOLHGA was founded in 1983 when state guaranty associations realized the need for a mechanism to coordinate their efforts in providing protection to policyholders when a life or health insurance company insolvency affects multiple states. Today, NOLHGA is the leading organization representing the interests of state guaranty associations, providing a national safety net for policyholders.

The Role of NOLHGA

As a voluntary association, NOLHGA is made up of life and health insurance guaranty associations from all 50 states and the District of Columbia. NOLHGA's mission is to support its member associations in protecting policyholders in multi-state insolvencies and responding to external developments that promote the values and interests of the life and health insurance guaranty system.

Benefits of NOLHGA

Through NOLHGA, state guaranty associations can reduce costs by leveraging a shared team of legal and financial experts. This coordination of effort also allows for a faster resolution of multi-state insolvencies, ensuring that policyholders receive the coverage they need in a timely manner.

NOLHGA's Achievements

Since its creation in 1983, NOLHGA has assisted its member guaranty associations in guaranteeing over $25.88 billion in coverage benefits for policyholders and annuitants of insolvent companies. In that time, the associations have provided protection for more than 2.85 million policyholders and worked on more than 100 multi-state insolvencies.

The Future of NOLHGA

As the leading organization in the life and health insurance guaranty system, NOLHGA continues to evolve to meet the changing needs of the industry. With a strong focus on policyholder protection, NOLHGA remains committed to its mission of providing a national safety net for policyholders.

Conclusion

NOLHGA is a vital organization that plays a crucial role in protecting policyholders in the event of an insurance company insolvency. With its rich history and commitment to policyholder protection, NOLHGA continues to be a leader in the life and health insurance guaranty system.