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Welcome to the Kentucky Life & Health Insurance Guaranty Association
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The Kentucky Life and Health Insurance Guaranty Association ("KLHIGA") welcomes you to our Web site. The purpose of this site is to provide individuals residing in Kentucky who own life insurance, accident and health insurance and annuity contracts information regarding the protection afforded them by KLHIGA in the event of the insolvency of the life insurance company which provided their insurance.
The extent of KLHIGA's protection as well as the governance and operation of KLHIGA is mandated in the Kentucky Life and Health Insurance Guaranty Association Act ("Act") first effective June 17, 1978 and most recently amended effective July 15, 2002, all of which may be found in Chapter 304, Subtitle 42 of the Kentucky Revised Statutes
(a link to the Statutes can be found in the Additional Info sector).
All insurance companies classified as life insurance companies and licensed to sell life insurance, accident and health insurance and annuity contracts in Kentucky are required by law to be members of KLHIGA (Member Insurers) and as such are subject to assessments of funds as the need arises to carry out the purposes of its governing law ("Act'). Other organizations providing death benefits and health protection such as health maintenance organization, fraternal benefit societies, mandatory government pools or entities that operate on an assessment... [ more ] |
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