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Welcome to the Vermont Life & Health Insurance Guaranty Association
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Welcome to the Vermont 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 Vermont Life & Health Insurance Guaranty Association is a statutory entity created in 1971 when the Vermont legislature enacted the Vermont Guaranty Association Act (a link to the Act can be found in the Additional Info section). The guaranty association is composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the state of Vermont. 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 Vermont residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.
We will make every effort to ensure that the information provided here is in accordance with the most current law in the event that the Vermont legislature amends the Guaranty Association Act or other laws. However, if there should be any inconsistency between the... [ more ] |
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