If you are an Arizona resident insured by a licensed insurance company that becomes insolvent, part or all of your covered claims may be paid by an insurance guaranty fund.  Guaranty funds are established by state law to pay the covered claims of policyholders and other claimants of an insolvent insurance company.  Arizona has two guaranty funds:

  • The Arizona Property and Casualty Insurance Guaranty Fund covers most property and casualty insurance.
  • The Arizona Life and Disability Insurance Guaranty Fund covers life and health insurance, supplemental contracts and annuities.

Guaranty funds are funded through assessments levied against licensed member insurers to provide benefits when a court finds a member insurer to be insolvent and is orders the insolvent insurer to be liquidated.  The amount each licensed member insurer must pay depends upon how much of the same type of insurance it sells in Arizona.

Warning - Phishing Scam

We are aware of a phishing scam targeting insurance professionals claiming that the National Association of Insurance Commissioners received a complaint that the professional submitted a falsified claim. This fraudulent email displays the NAIC and CIPR logos, can originate from what appears to be an naic.org or gmail.com email account, and instructs the recipient to click on a link to download the complaint notification.

Certain antivirus products will detect this as a malicious email.  If you receive a similar email and have any concerns, contact the NAIC Service Desk at (816) 783-8500 or [email protected].