Washington Life & Disability Insurance Guaranty Association PO Box 2292 / Shelton, WA 98584 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      What happens when my insurance company goes out of business? In most cases, a guaranty association will continue coverage as long as premiums are paid, or cash value exists, or the policies are terminated pursuant to the Act. The guaranty association may continue coverage directly, or, most often, it may transfer the policy to another insurance company. In any case, policyholders should continue making premium payments to keep their coverage in force.   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 ]