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The Texas Life and Health Insurance Guaranty Association is a non-profit organization established by the Texas legislature in 1973 to safeguard Texas residents who hold life, health, and annuity policies. In the event that a member insurance company is deemed insolvent and liquidated by a court, the Association ensures policyholder protection by either continuing coverage or transferring policies to another insurer.
The Association plays a crucial role in maintaining consumer confidence by providing limited protection under Texas law, thereby offering reassurance to policyholders facing the potential failure of their insurance providers. Meetings of the Board of Directors and various committees are conducted regularly to oversee operations and address any pertinent issues affecting the Association and its stakeholders.
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