Florida Life & Health Insurance Guaranty Association > Home About Us FAQs Receiverships Assessments Additional Info Contact Us Board Materials View All Frequently Asked Questions What happens when my insurance company goes out of business? How is policy coverage determined? What is the Florida Life & Health Insurance Guaranty Association and what does it do? Who is protected? If I move to another state after purchasing a policy, will I still have guaranty association coverage? If so, who will provide it? What contracts are covered? Are all policies fully protected? For example, if I own three deferred annuities and each has a cash surrender value of $100,000, and my insurance company fails, how much will FLAHIGA pay if I want to cash surrender my deferred annuities? What will happen to my insurance coverage if the guaranty association becomes liable for my policy? If my insurer just went under, when will FLAHIGA start providing benefits? What products are not protected by FLAHIGA? How will I know if my life or health insurance company has failed or is unable to fulfill its obligations to its policyholders? How can I find out if my company is licensed in Florida? Why hasn't my agent or company told me more about the Florida Life & Health Insurance Guaranty Association? Can FLAHIGA advise me what to do? Where can I find a copy of the FLAHIGA Act? Where can I get advice on purchasing life, health, or annuity products? Are you a State agency? How can I determine the financial soundness of my insurance company? If my company is in the process of rehabilitation/conservation and I have an emergency and need to withdraw monies from my annuity, what is the process? Is long-term-care insurance covered by the guaranty association? Are variable annuities covered by the guaranty association? If my company is liquidated, do I have to file a claim with the association? Should I continue to pay my premiums? Is my company covered by the guaranty association? What happens if the benefits promised in my policy are greater than the coverage limits provided by the guaranty association? 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. Florida Life & Health Insurance Guaranty Association 1400 Village Square Boulevard Suite 3-13 / Tallahassee, FL 32312 © 2001-2021 All Rights Reserved. Terms / Links