|Type of Entity:||Life, Health, or Accident (LI)|
|Status of TX License:||Cancelled|
|TDI Company Number:||12875|
|Date Licensed/Eligible/Registered in Texas:||10/01/1976|
11825 North Pennsylvania Street
Carmel IN 46032
|Toll Free Number:||(800)541-2254|
To determine if a company uses credit information for private passenger automobile or homeowners insurance.
The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.
|As of:||Dec. 31, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Asset to Liability Ratio||N/A||N/A||N/A|
|Total Life Ins||N/A||N/A||N/A|
|As of:||Dec. 31, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Life and Annuities||N/A||N/A||N/A|
|Accident and Health||N/A||N/A||N/A|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||N/A||N/A||N/A|
When considering the company's complaint index and ratio, be sure to review the company history information displayed below for recent acquisitions, mergers, or other events that may affect the figures displayed for this company.
|Dec 31, 2014||Dec 31, 2015||Jun 17, 2016|
|Life and Annuity||0||0||0|
|Accident and Health||0||0||0|
|Life and Annuities||N/A||N/A||N/A||N/A||N/A|
|Accident and Health||N/A||N/A||N/A||N/A||N/A|
Confirmed Complaints: the number of confirmed complaints closed against the company for the line of insurance and year indicated. A complaint is confirmed if the department receives information indicating that a company committed any violation of an applicable state insurance law or regulation, a federal requirement the department has authority to enforce or the term or condition of an insurance policy or certificate. A complaint is also confirmed if the complaint and company's response, considered together, suggest that the company was in error or that the complainant had a valid reason for the complaint.
Complaint Ratios: the ratio, expressed as a percentage, is the number of closed confirmed complaints divided by the number of policies the company had in force for the line of insurance and year indicated.
Complaint Index: indicates how a company's ratio of the number of complaints to the number of policyholders compares to the average for all insurers. The index is calculated by dividing the company's percentage of complaints for a specific line of insurance by the company's percentage of the policies in force for the same line of insurance. The average index is 1.00. A number less than 1 indicates fewer complaints than average; a number greater than 1 indicates more complaints than average. For the most recent completed year, a given insurer's index may change over time, as policy count data is received by TDI. This will affect each insurer's percentage of the total.
Complaints against an insurance company are not part of the complaint tally above if the insurance company served only as a Third Party Administrator (TPA), a company hired simply to administer the paperwork of a health plan. Instead, they are included in the complaint record of the insurance company or HMO that hired the TPA. If a bonafide self-insured benefit plan hired the TPA, no complaint numbers are recorded as a part of the company/TPA's profile. Neither are profiles available for self-insured plans, as such plans are regulated under federal law.
|01-25-2011||EFFECTIVE 10/01/2010 MERGED INTO WASHINGTON NATIONAL INSURANCE COMPANY (89550) CARMEL, INDIANA CERTIFICATE OF AUTHORITY CANCELLED|
|01-28-2008||PENALTY OF $2,000 FOR VIOLATIONS FOUND DURING A COMPLAINT INVESTIGATION IN NEBRASKA.|
|01-08-2008||PENALTY OF $1,000 FOR VIOLATIONS FOUND DURING A COMPLAINT INVESTIGATION IN NEBRASKA.|
|04-21-2006||PENALTY OF $2,500,000 PAID BY COMPANY, CONSECO INSURANCE COMPANY, CONSECO LIFE INSURANCE COMPANY, CONSECO SENIOR HEALTH INSURANCE COMPANY, JEFFERSON NATIONAL LIFE INSURANCE COMPANY, AND CONSECO MEDICAL INSURANCE COMPANY FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MINNESOTA.|
|04-12-2005||PENALTY OF $58,469 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.|
|02-11-2004||PENALTY OF $11,000 FOR FAILURE TO PROVIDE FOR MIDTERM CANCELLATION OF MEDICARE SUPPLEMENT POLICIES, FAILURE TO ISSUE PRO RATA REFUND OF PREMIUMS TO INSUREDS, AND FAILURE TO IMMEDIATELY REFUND PREMIUMS TO POLICYHOLDERS IN WISCONSIN.|
|01-20-2004||PENALTY OF $5,000 FOR FAILURE TO TIMELY FILE LOSS RESERVE CERTIFICATION IN MINNESOTA.|
|04-29-2002||PENALTY OF $7,500 FOR ADVERTISING VIOLATIONS AND FAILURE TO TIMELY RESPOND TO INQUIRIES IN TEXAS.|
|03-25-2002||EFFECTIVE 07/01/2001 FRONTIER NATIONAL LIFE INSURANCE COMPANY (05230) CLEVELAND, OHIO MERGED INTO COMPANY|
|02-26-1999||FORMERLY: CAPITOL AMERICAN LIFE INSURANCE COMPANY|
|01-28-1998||PENALTY OF $48,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN KENTUCKY.|
|10-04-1993||PENALTY OF $50,000 FOR VIOLATIONS REGARDING THE SALE OF INSURANCE POLICIES IN INDIANA.|
|10-29-1992||MOVED HOME OFFICE FROM SCOTTSDALE, ARIZONA TO PHOENIX, ARIZONA.|
|07-10-1992||PENALTY OF $42,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ARIZONA.|
|07-02-1992||PENALTY OF $50,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN NORTH DAKOTA.|
|12-05-1991||PENALTY OF $25,000 FOR VIOLATIONS OF THE INSURANCE LAWS IN INDIANA.|
|10-15-1991||PENALTY OF $9,300 FOR FAILURE TO REFUND MONEY TO POLICYHOLDERS WITHIN 10 DAYS IN MINNESOTA.|
|04-09-1984||MOVED HOME OFFICE FROM PHOENIX, ARIZONA TO SCOTTSDALE, ARIZONA.|
|10-01-1976||GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS|
For names of the company’s current officers, please contact the company at the phone number listed in the Contact Information above or on their website.