North Carolina Life & Health Insurance Guaranty Association PO Box 10218 / Raleigh, NC 27605-0218 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      What is NOT protected by the guaranty association? Policies with insurers not licensed to do business in North Carolina; Health Maintenance Organization (HMO) contracts; policy benefits the insurer does not guarantee or for which the policyholder bears the risk (such as the non-guaranteed portion of a variable life insurance or annuity contract); self-insured employer plans; interest rate yields that exceed an average rate as specified in the Act; a stop-loss group insurance plan and fraternal benefit society insurance certificates. Other insurance policies and arrangements not listed here are also not protected if they do not meet the definition of a covered policy. If you are unsure about whether your policy is excluded from guaranty association protection, you should review the current Guaranty Association Act (a link to the Act can be found in the Additional Info section).   NOTE: This information is not intended as legal advice, and no liability is assumed in connection with its use. The applicable state guaranty association statute is the controlling authority, regardless of any information presented on this site. Users should seek advice from a qualified attorney and should not rely on this compilation when considering any questions relating to guaranty association coverage.   [ Back to FAQ list ]