Montana Life & Health Insurance Guaranty Association PO Box 951 / Oconomowoc, WI 53066-0951 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      What is the Montana Life & Health Insurance Guaranty Association? The Montana Life & Health Insurance Guaranty Association (the "guaranty association") was created by the Montana legislature in 1974 to protect state residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company, within specified limits. All insurance companies licensed to write life and health insurance or annuities in Montana (with limited exceptions) are required, as a condition of doing business in the state, to be members of the guaranty association. If a member company becomes insolvent, money to continue coverage and pay claims is obtained through assessments of the guaranty association's other member insurance companies writing the same line or lines of insurance as the insolvent company. All 50 states, the District of Columbia, and Puerto Rico have life and health insurance guaranty associations.   NOTE: This information is not intended as legal advice, and no liability is assumed in connection with its use. The applicable state guaranty association statute is the controlling authority, regardless of any information presented on this site. Users should seek advice from a qualified attorney and should not rely on this compilation when considering any questions relating to guaranty association coverage.   [ Back to FAQ list ]