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      When might the guaranty association provide benefits? Benefits become available after the guaranty association is legally activated by court action. If your insurer is no longer able to fulfill its obligations, ongoing benefit payments to you may be reduced or suspended by the courts in order to sort out the affairs of the financially troubled insurer. As a result, you may have to wait many months before the guaranty association is activated. The receiver may establish hardship provisions that would permit continued benefit payments in defined hardship situations.   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 ]