Virginia Life, Accident, & Sickness Insurance Guaranty Association 8001 Franklin Farms Drive / Suite 235 / Richmond, VA 23229 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      When might the guaranty association provide benefits? If your insurer is no longer able to fulfill its contractual obligations, ongoing benefit payments to you may be reduced or suspended by the courts in order to sort out the affairs of the financially troubled insurer. As a result, you may have to wait a number of months before the guaranty association is activated to provide benefit payments. Provisions may be instituted by the receiver to continue benefit payments in cases of hardship.   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 ]