The Illinois Life and Health Insurance Guaranty Association is a non-profit association of insurance companies in Illinois that provides protection for life, health, and annuity policies owned by Illinois residents in the event of an insurance company insolvency.
Created by Illinois law, the association may pay claims, continue policy coverage, transfer policies to another insurance company, or take other authorized actions to safeguard policyholders. It operates under the terms and conditions of the statute and has been responsible for the payment of all claims since March 1, 2017, for policyholders affected by the liquidation of Penn Treaty Network of America Insurance Company and its subsidiary, American Network Insurance Company.
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