What happens when a​ company is insolvent and can’t pay claims for benefits?

Two funds protect Oregonians in this situation. They are the Oregon Life and Health Insurance Guaranty Association (OLHIGA) and the Oregon Insurance Guaranty Association (OIGA). 

​How do guaranty funds operate?

When an insurance company becomes insolvent and is liquidated by a court order, the guaranty funds will pay covered claims. The guaranty funds will not pay any claim the insurance company would not have paid. The funds pay claims according to the terms of the original insurance policy. 

​Who is covered?

Both funds cover only Oregon residents. They pay claims only against insurers that were licensed to do business in Oregon at the time of the insolvency. Most insurers licensed to do business in Oregon must belong to one of the associations. 

​What is covered?

The following two charts show the coverage and limits of the two guaranty funds. 

Oregon Insurance Guaranty Association (property and casualty) 

Oregon Life and Health Insurance Guaranty Association​ ​​

Key links

Oregon Insurance Guaranty Association (property and casualty)
503-641-7132

Oregon Life and Health Insurance Guaranty Association
855-378-9510​

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GET THE HELP YOU NEED

1-888-877-4894

cp.ins@state.or.us

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