Rhode Island Life & Health Insurance Guaranty Association 235 Promenade Street / Providence, RI 02908 Home About Us FAQs 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 Rhode Island; 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; ["(i) Averaged over the period of four (4) years prior to the date on which the Association becomes obligated with respect to the policy or contact, exceeds a rate of interest determined by subtracting two (2) percentage points from Moody's Corporate Bond Yield Average averaged for that same four-year (4) period or for such lesser period if the policy or contract was issued less than four (4) years before the Association became obligated; and ii) On and after the date on which the Association becomes obligated with respect to the policy or contract, exceeds the rate of interest determined by subtracting three (3) percentage points from Moody's Corporate Bond Yield Average as most recently available;"]; and fraternal benefit society insurance certificates as well as Blue Cross Blue Shield. Certain, less commonly known insurance policies and arrangements not listed here are also not protected.   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 ]