Which act is not covered under the jurisdiction of the Georgia Life and Health Insurance Guaranty Association?

The Georgia Life and Health Insurance Guaranty Association provides a safety net for policyholders in the event that their insurance company becomes insolvent. This organization covers a range of insurance products including life insurance, health insurance, and certain annuities. However, specifically, workers' compensation insurance is not included under the jurisdiction of the association.

Workers' compensation operates under a different regulatory framework and is managed separately from life and health insurance. It is designed to provide benefits to employees who suffer job-related injuries or illnesses. Since it is not categorized as a life or health insurance product, it does not fall under the protection offered by the Georgia Life and Health Insurance Guaranty Association. This illustrates the importance of recognizing the distinct types of insurance and their respective regulatory bodies.

In contrast, group health plans, whole life policies, and credit life policies are all types of insurance products that would be protected by the Guaranty Association, as they fall within the scope of life and health insurance regulations.