PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY

The Pennsylvania Life & Health Insurance Guaranty Association is a statutory entity created in 1978 when the Pennsylvania legislature enacted the Pennsylvania Guaranty Association Act. The guaranty association is composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the state of Pennsylvania. 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 Pennsylvania residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.

Also known as: Pennsylvania Life & Health Insurance Guaranty Association

Primary location: Bala Cynwyd United States