General Info:
The Michigan Life & Health Insurance Guaranty Association ( "MLHIGA" ) is a nonprofit association of life and health insurance companies authorized to write life insurance, annuities or health insurance in the state of Michigan. The purpose of this association is to protect Michigan policyholders, within limits, in the unlikely event that a member insurer becomes financially unable to meet its obligations. If this should happen, MLHIGA will assess its other member insurance companies for the money to pay the covered claims of insured persons who live in Michigan and, in some cases, to keep coverage in force. If coverage is provided, it may be subject to limitations or exclusions. This protection is not a substitute for consumers' care in selecting companies that are well managed and financially stable. The Michigan Life & Health Insurance Guaranty Association Act ( a link to the Act can be found in the Additional Info section ), Chapter 77 of the Insurance Code of 1956, MCL 500.7701 to 500.7780 details the specific coverage, exclusions and limitations provided to policyholders. The general information provided by the web site does not cover all provisions of the law, nor does it in any way change anyone's rights or obligations under the act or the rights or obligations of MLHIGA. For a definitive statement of the law governing MLHIGA, you must refer to the MLHIGA Act itself. If there is any inconsistency between the web site and any applicable law, then such law will control. The information provided in this Web site is general in nature and may not address a specific policy or issue. The terms and coverage of insurance products are very diverse and, as a result, it is difficult to make general statements about MLHIGA coverage without reviewing a specific contract. The generalized information provided by this web site should not be relied upon as advice. In addition, please refer to the Michigan Life and Health Insurance Guaranty Association Act, Chapter 77 of the Insurance Code of 1956, MCL 500.7701 to 500.7780, for a more complete explanation of the powers and duties of MLHIGA. The intent of this web site is to briefly explain how MLHIGA provides protection to Michigan policyholders in the event their life or health insurance company becomes insolvent. If you have any questions that are not answered here, you should contact MLHIGA or consult with your attorney.