MAINE LIFE & HEALTH INSURANCE GUARANTY

The Maine Life & Health Insurance Guaranty Association is a statutory entity created in 1983 when the Maine legislature enacted the Maine 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 Maine. 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 Maine residents who are holders of life and health insurance policies and individual annuities with the insolvent insurer.

Also known as: Maine Life & Health Insurance Guaranty Association

Primary location: South China United States