Florida Life & Health Insurance Guaranty Association 3740 Beach Boulevard, Suite 201-A / Jacksonville, FL 32207-3877 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      If my insurer just went under, when will FLAHIGA start providing benefits? Insurance company operations are very involved and many companies operate in different ways. Some companies handle everything from premium collection, policyholder record development, claims handling and policy administration and retention, and they do it all in one location. Other companies farm almost everything out so that work is done in multiple locations, sometimes dozens of locations, some of which may be thousands of miles from the home office. FLAHIGA may have to search across the country to piece together all the parts necessary to make sense out of what a liquidated company was doing with records and claims. Moreover, companies that fail tend to be poor at record keeping and lack modern methods of processing data. The process of putting everything back together right is sometimes very difficult. FLAHIGA has joined with the other guaranty associations throughout the country in an effort to work with departments of insurance and receivers on ways to improve insolvency administration. Our first priority is to identify policyholders and pay their valid claims as rapidly as possible.   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.   [ Back to FAQ list ]