{"id":27,"date":"2022-11-14T21:46:24","date_gmt":"2022-11-14T21:46:24","guid":{"rendered":"https:\/\/missouriinsura.wpenginepowered.com\/?page_id=27"},"modified":"2023-08-08T16:12:30","modified_gmt":"2023-08-08T16:12:30","slug":"life-and-health","status":"publish","type":"page","link":"https:\/\/moiga.org\/?page_id=27","title":{"rendered":"Life and Health"},"content":{"rendered":"\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>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 84<sup>th<\/sup> General Assembly and signed by the Governor of the State of Missouri on June 28, 1988. (430 \u00a7\u00a7 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.<\/p>\n<\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Limits for Insolvencies on or after August 28, 2013<\/strong><\/p>\n<\/div>\n\n\n\n<p>The Missouri Life &amp; 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 provided:<br><\/p>\n\n\n\n<p>Annuities: Cash Value or Surrender Value  \u2013 $250,000<br>Life Insurance: Cash Value or Surrender Value \u2013 $100,000<br>Life Insurance: Death Benefit  \u2013 $300,000<br>Life Insurance Corporate Owned &#8211; $5,000,000 Aggregate per Owner<\/p>\n\n\n\n<p>Health Insurance Claims \u2013 $500,000 for Major Medical<br>Long-term Care and Long-term Disability \u2013 $300,000<br><br><a href=\"https:\/\/moiga.org\/wp-content\/uploads\/2023\/05\/Coverage_Summary_20_CSR_400-5.600.pdf\" target=\"_blank\" rel=\"noopener\" title=\"Coverage_Summary_20_CSR_400-5.600\">Coverage Summary 20 CSR 400-5.600 Missouri Life and Health Insurance Guaranty Association<\/a><\/p>\n\n\n\n<p>These maximums and limitations are applied on a per insured\/per insolvency basis.<\/p>\n\n\n\n<p>Coverage is provided to owners of covered contracts who are residents of the State of Missouri, except as otherwise provided for by statute.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><a href=\"https:\/\/moiga.org\/Limits_Prior_to_Aug_28_2013.aspx\" target=\"_blank\" rel=\"noopener\" title=\"Limits for Insolvencies Prior to August 28, 2013\">Limits for Insolvencies Prior to August 28, 2013<\/a><\/p>\n\n\n\n<p>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 &amp; 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.<\/p>\n\n\n\n<p>In addition, please refer to the \u201cMissouri Life and Health Insurance Guaranty Association Act\u201d, Revised Statutes of Missouri, Sections 376.715 to 376.758, for a more complete explanation of the powers and duties of the Guaranty Association.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Missouri Life and Health Insurance Guaranty Association (MOLHIGA) was established by House Committee Substitute for Senate Bill 430 as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"wp-custom-template-life-and-health-update","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-27","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/moiga.org\/index.php?rest_route=\/wp\/v2\/pages\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moiga.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/moiga.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/moiga.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moiga.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27"}],"version-history":[{"count":0,"href":"https:\/\/moiga.org\/index.php?rest_route=\/wp\/v2\/pages\/27\/revisions"}],"wp:attachment":[{"href":"https:\/\/moiga.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}