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Welcome to the Florida Life & Health Insurance Guaranty Association
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Welcome to the Florida Life & Health Insurance Guaranty Association Web site. We hope you find this site helpful in providing information regarding the purpose of the guaranty association and how it protects resident policyholders in the event of an insurance company insolvency. For convenience, we will use the Association's initials ("FLAHIGA") in place of the full name of the Association.
FLAHIGA is a statutory entity created in 1979 when the Florida legislature enacted the Florida Life and Health Insurance Guaranty Association Act (a link to the Act can be found in the Additional Info section). FLAHIGA is composed of all insurers licensed to sell direct life insurance, accident and health insurance, and certain annuities in the state of Florida. In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Florida Life and Health Insurance Guaranty Association Act (hereafter we will shorten this to "the FLAHIGA Act") enables FLAHIGA to provide protection (up to the limits spelled out in the FLAHIGA Act) to Florida residents who are holders of life and health insurance policies and certain annuities with the insolvent insurer.
Specifically, when a member insurer is found to be insolvent and is ordered liquidated, a receiver takes over the... [ more ] |
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