DEPARTMENT OF INSURANCE
February 6, 2007
Bulletin 145
Indiana Life and Health Insurance Guaranty Association
Disclaimer
IC 27-8-8-18 requires the Indiana Life and Health Insurance Guaranty Association (ILHIGA) to prepare a summary document for the Commissioner's approval. The summary document must describe the general purposes and current limitations of
IC 27-8-8 and contain specific information as stated in
IC 27-8-8-18(c). The ILHIGA has made the required filing, and the summary document has been approved by the Commissioner. The text of the summary document is attached to this Bulletin as an Exhibit.
Effective April 7, 2007, the ILHIGA member insurers may not deliver a policy or contract to a policy or contract owner unless the summary document is delivered to the policy or contract owner at the time of delivery of the policy or contract. The summary document must also be available upon request by a policy or contract owner. The distribution, delivery, or contents or interpretation of the summary document does not guarantee that the policy or contract or the owner of the policy or contract is covered in the event of the impairment or insolvency of a member insurer. The summary document must be revised by the ILHIGA in the event an amendment to
IC 27-8-8 requires. Failure to receive the summary document does not give a policy owner, a contract owner, a certificate holder, or an insured greater rights than the rights specified in
IC 27-8-8.
INDIANA DEPARTMENT OF INSURANCE
_____________________________________
Jim Atterholt, Commissioner
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| Approved Summary Document |
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| The Indiana Life and Health Insurance Guaranty Association provides coverage of claims under some types of policies if the insurer becomes impaired or insolvent. COVERAGE MAY NOT BE AVAILABLE FOR YOUR POLICY. Even if coverage is provided, there are significant limits and exclusions. Coverage is always conditioned on residence in this state. Other conditions may also preclude coverage. |
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| The Indiana Life and Health Insurance Guaranty Association will respond to any questions you may have which are not answered by this document. Your insurer and agent are prohibited by law from using the existence of the association or its coverage to sell you an insurance policy. |
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| You should not rely on availability of coverage under the Indiana Life and Health Insurance Guaranty Association when selecting an insurer. |
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| You may contact the Indiana Life and Health Insurance Guaranty Association as follows: |
| | Indiana Life and Health Insurance Guaranty Association |
| | 251 E. Ohio Street, Suite 1070 |
| | Indianapolis, IN 46204 |
| | (317) 636-8204 |
| | www.inlifega.org |
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| You may contact the Indiana Department of Insurance as follows: |
| | Indiana Department of Insurance |
| | 311 W. Washington Street |
| | Indianapolis, IN 46204 |
| | (317) 232-2385 |
| | www.in.gov/idoi |
| |
Posted: 04/23/2008 by Legislative Services Agency
DIN: 20080423-IR-760080280NRA
Composed: Apr 28,2024 12:29:37AM EDT
A
PDF version of this document.
