Welcome to the Virginia Life, Accident & Sickness Insurance Guaranty Association ("guaranty association") Web site. We hope you find this site helpful in providing information regarding the purpose of the guaranty association and how it protects resident policyholders in the event of an insurance company insolvency.
Currently, there are no plans for a class A assessment billing in 2022. The need for a class B assessment will be reviewed at the Annual Board Meeting in late September; if approved, it will be billed in the fourth quarter. A Penn Treaty class B assessment is likely.
On March 1, 2017, Penn Treaty Network America Insurance Company (Penn Treaty) and its wholly owned subsidiary, American Network Insurance Company (ANIC), were placed in liquidation by orders of the Commonwealth Court of Pennsylvania. Click here for a set of FAQs addressing the Penn Treaty/ANIC liquidations.