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Welcome to the New Hampshire Life & Health Insurance Guaranty Association
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Welcome to the New Hampshire Life & Health Insurance Guaranty Association ("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.
The New Hampshire Life & Health Insurance Guaranty Association is a statutory entity created in 1971 when the New Hampshire legislature enacted the New Hampshire Life & Health Insurance Guaranty Association Act. The guaranty association is composed of insurers licensed to sell life insurance and health insurance, and individual annuities in the state of New Hampshire. In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Guaranty Association Act enables the guaranty association to provide protection up to the limits spelled out in the Act to New Hampshire residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.
Specifically, when a member insurer is found to be insolvent and is ordered liquidated, a special deputy receiver takes over the insurer under court supervision and processes the assets and liabilities through liquidation. The protection provided by the guaranty association is based on New Hampshire law and... [ more ] |
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