The Missouri Life & Health Insurance Guaranty Association

The Missouri Life and Health Insurance Guaranty Association (MOLHIGA) was established by House Committee Substitute for Senate Bill 430 as truly agreed to and finally passed by the Second Session of the 84th General Assembly and signed by the Governor of the State of Missouri on June 28, 1988. (430 §§ 1, 2, A.L. 2018 H.B. 1690). Member insurers elected an initial board of directors at the MOLHIGA organizational meeting on August 17, 1988.

Missouri Capitol in green field

Limits for Insolvencies on or after August 28, 2013

The Missouri Life & Health Insurance Guaranty Association provides protection, within limits, for certain statutorily defined obligations of insolvent member insurers. The following list contains some of the more general limitations and maximum amounts of the protection that are provided:
Cash Value or Surrender Value of Annuities – $250,000
Cash Value or Surrender Value of Life Insurance Policies – $100,000
Death Benefits of Life Insurance Policies – $300,000
Unpaid Health Insurance Claims – $500,000 for Major Medical
Long-term Care and Long-term Disability – $300,000
Corporate Owned Life Insurance – $5 million Aggregate per Owner

Coverage Summary 20 CSR 400-5.600 Missouri Life and Health Insurance Guaranty Association

These maximums and limitations are applied on a per insured/per insolvency basis.

Coverage is provided to owners of covered contracts who are residents of the State of Missouri, except as otherwise provided for by the statute.

To provide this protection, the Guaranty Association continues insurance policy coverage while paying the claims and other policy benefits under life, annuity, accident and health insurance policies.

Limits Before August 28, 2013

The information provided in this website is general in nature and may not address a specific policy or issue. The intent of this site is to provide information about the Missouri Life & Health Insurance Guaranty Association. The terms and coverage of insurance products are very diverse and, as a result, it is difficult to make general statements about Guaranty Association coverage without reviewing a specific contract. The generalized information provided by this website should not be relied upon as legal advice.

In addition, please refer to the “Missouri Life and Health Insurance Guaranty Association Act,” Revised Statutes of Missouri, Sections 376.715 to 376.758, for a more complete explanation of the powers and duties of the Guaranty Association.

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