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Florida Life & Health Insurance Guaranty Association
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3740 Beach Boulevard, Suite 201-A / Jacksonville, FL 32207-3877 |
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Frequently Asked Questions  |
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What products are not protected by FLAHIGA?
The FLAHIGA Act specifies that policies and contracts from non-licensed insurers are not covered. Beyond that, the FLAHIGA Act excludes all of the following:
a) any portion or part of a variable life insurance contract or a variable annuity contract that is not guaranteed by a licensed insurer;
b) any portion or part of any policy or contract under which the risk is borne by the policyholder;
c) any policy or contract or part thereof assumed by the failed insurer under a contract of reinsurance, unless assumption certificates were issued;
d) fraternal benefit society products;
e) health maintenance insurance;
f) dental service plan insurance;
g) pharmaceutical service plan insurance;
h) optometric service plan insurance;
i) ambulance service association insurance;
j) preneed funeral merchandise or service contract insurance;
k) prepaid health clinic insurance;
l) certain federal employees group policies;
m)any annuity contract or group annuity contract that is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed directly and not through an intermediary to an individual by an insurer under such contract or certificate. |
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| 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. |
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