What Happens When an Insurance Company Fails?
Posted by: BeamaLife Editor on 30 Jun, 2009
The National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) is a voluntary association composed of the life and health insurance guaranty associations of all 50 states, the District of Columbia, and Puerto Rico.
When an insolvency involves multiple states, NOLHGA assists its state guaranty association members in quickly and cost-effectively fulfilling their statutory obligations to policyholders.
A very good read on NOLHGA website….
http://www.nolhga.com/policyholderinfo/main.cfm/location/insolvencyprocess#trouble
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