Texas Department of Insurance Logo
333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

COMBINED INSURANCE COMPANY OF AMERICA

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Table of Contents
General Info | Contact Info | Types of Insurance | Use of Credit | Attorney for Service | Ratings | Financial Info | Premiums | Complaint Ratios | Company History | Company Officers

General Information:

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Type of Entity:  Authorized Company (AUTH)
Status of TX License:  Active
Company Status:  Normal Operations
License Number:  18250
License Type:  Life (LI)
NAIC Number:  62146
TDI Company Number:  18250
FEIN:  362136262
Home City/State:  IL
Origin:  Foreign
Date Incorporated/Organized:  10/11/1949
Date Licensed/Eligible/Registered in Texas:  10/31/1949
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  1000 North Milwaukee Avenue 6th Floor
 Glenview IL 60025
Office Number:  
Toll Free Number:  (866)445-8872
Fax Number:  (847)953-1557


Types of Insurance Licensed to Write:

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Use of Credit:

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To determine if a company uses credit information for private passenger automobile or homeowners insurance.


Attorney for Service:

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Rating By Financial Organization:

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The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.



Financial Information:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $1,995,471,718     $1,543,561,126     $1,588,946,311  
Total Liabilities   $1,498,895,649     $1,222,895,849     $1,264,371,598  
Asset to Liability Ratio   1.3     1.2     1.2  
Capital   $28,338,567     $28,338,567     $28,338,567  
Net Surplus   $468,237,502     $292,326,710     $296,236,146  
Total Life Ins   $5,659,201,000     $5,355,418,000     $5,413,814,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $4,361,822     $3,965,819     $3,900,418  
Accident and Health   $32,287,577     $33,242,414     $32,274,493  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $36,649,399     $37,208,233     $36,174,911  
National Premium   $1,046,969,668     $772,500,093     $866,136,787  


Complaint Information:

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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, 2012 Dec 31, 2013 Apr 11, 2014
Confirmed Complaints:      
Life and Annuity 0 1 0
Accident and Health 0 1 0
Homeowner 0 0 0
Automobile 0 0 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities .0000 .0000 .0063 11.8390 N/A
Accident and Health .0000 .0000 .0004 .1493 N/A
Homeowner N/A N/A N/A N/A N/A
Automobile N/A N/A N/A N/A N/A
Workers' Compensation 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.


Company History:

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Date Event
10-22-2010 EFFECTIVE 12/31/2008 LONG TERM CARE BUSINESS REINSURED BY MEDAMERICA INSURANCE COMPANY (83340) PITTSBURGH, PENNSYLVANIA.
07-22-2010 PENALTY OF $500 FOR ONE ALLEGED VIOLATION OF THE STATUTES IN NEVADA.
01-19-2010 PENALTY OF $2,420 FOR FAILURE TO MEET THE REPORTING REQUIREMENTS IN COLORADO.
10-28-2008 PENALTY OF $1,000 FOR FAILURE TO SUBMIT A LIST CONTAINING CERTAIN POLICY FORM INFORMATION IN MICHIGAN.
12-10-2007 PENALTY OF $30,000 (WITH $20,000 PROBATED) FOR FAILURE TO PAY CLAIMS WITH DATES OF SERVICE DURING THE YEAR 2006 IN A TIMELY MANNER IN TEXAS.
03-07-2007 PENALTY OF $11,000 FOR FAILURE TO IMPLEMENT ADEQUATE PROCEDURES TO ENSURE PROPER LICENSURE OF ITS INDEPENDENT AGENTS IN IOWA.
02-07-2007 EFFECTIVE 09/01/2006 CERTAIN GROUP LIFE INSURANCE POLICIES REINSURED BY MONUMENTAL LIFE INSURANCE COMPANY (56200) BALTIMORE, MARYLAND.
06-29-2006 PENALTY OF $9,750 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN FLORIDA.
06-13-2006 PENALTY OF $9,000 FOR FAILURE TO FILE RATES, RATING SCHEDULES, AND SUPPORTING DOCUMENTATION FOR MEDICARE INSURANCE POLICY FORMS IN OREGON.
10-12-2005 PENALTY OF $5,000 FOR FAILURE TO FILE CERTAIN DISCLOSURE STATEMENTS FOR APPROVAL IN SOUTH CAROLINA.
03-14-2005 PENALTY OF $50,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
03-29-2004 PENALTY OF $10,000 FOR TERMINATING AGENTS WITHOUT SUFFICIENT NOTICE IN OREGON.
03-12-2004 PENALTY OF $40,000 FOR VIOLATIONS OF ADVERTISING RULES IN WEST VIRGINIA.
07-08-2002 PENALTY OF $20,000 FOR VIOLATIONS FOUND DURING A TARGET MARKET CONDUCT EXAMINATION OF MEDICARE SUPPLEMENT OPERATIONS IN MARYLAND.
05-17-2002 PENALTY OF $27,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN VIRGINIA.
12-20-2001 EFFECTIVE 10/29/2001 REINSURED CERTAIN ACCIDENT AND HEALTH BUSINESS OF RELIANCE INSURANCE COMPANY (70000) PHILADELPHIA, PENNSYLVANIA.
07-13-2001 EFFECTIVE 01/02/2001 CERTAIN INFORCE HEALTH POLICIES REINSURED BY METHODIST HEALTH INSURANCE COMPANY (95542) HOUSTON, TEXAS.
03-22-1999 EFFECTIVE 10/01/1998 A BLOCK OF GROUP OCCUPATIONAL ACCIDENT COVERAGE REINSURED BY THE UNION CENTRAL LIFE INSURANCE COMPANY (85050) CINCINNATI, OHIO.
09-26-1996 PENALTY OF $34,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN KENTUCKY.
03-21-1996 PENALTY OF $10,954.24 FOR LATE PREMIUM TAX FILINGS IN MISSISSIPPI.
09-26-1995 PENALTY OF $34,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN KENTUCKY.
03-28-1995 EFFECTIVE 01/03/1995 GLOBE LIFE INSURANCE COMPANY (33670) CHICAGO, ILLINOIS MERGED INTO COMPANY
01-09-1995 EFFECTIVE 12/31/1994 MAYFLOWER NATIONAL LIFE INSURANCE COMPANY OF TEXAS (93644) DALLAS, TEXAS MERGED INTO COMPANY.
08-12-1994 EFFECTIVE 06/01/1994 PARTIALLY REINSURED AMEX LIFE ASSURANCE COMPANY (29770) SAN RAFAEL, CALIFORNIA.
02-04-1993 EFFECTIVE 11/01/1992 PARTIALLY REINSURED NORTH AMERICAN LIFE AND CASUALTY COMPANY (93629) MINNEAPOLIS, MINNESOTA.
03-09-1992 EFFECTIVE 01/01/1991 PARTIALLY REINSURED FEDERAL HOME LIFE INSURANCE COMPANY (28745) INDIANAPOLIS, INDIANA.
02-20-1992 PENALTY OF $5,000 PAID FOR ADVERTISING VIOLATION IN IOWA AS PER NAIC.
08-07-1991 EFFECTIVE 01/31/1991 PARTIALLY REINSURED CERTAIN INDIVIDUAL AND GROUP ACCIDENT AND HEALTH POLICIES OF AMOCO LIFE INSURANCE COMPANY (05685) OMAHA, NEBRASKA
09-24-1985 MOVED HOME OFFICE FROM NORTHBROOK, ILLINOIS TO CHICAGO, ILLINOIS.
12-31-1982 COMBINED AMERICAN INSURANCE COMPANY (18200) DALLAS, TEXAS MERGED INTO COMPANY
03-12-1982 MOVED HOME OFFICE FROM CHICAGO, ILLINOIS TO NORTHBROOK, ILLINOIS.
12-31-1973 HEARTHSTONE INSURANCE COMPANY OF MASSACHUSETTS NOT LICENSED IN TEXAS BROOKLINE, MASSACHUSETTS MERGED INTO COMPANY.
12-01-1949 FORMERLY: CICA INSURANCE COMPANY (00670) REINSURED COMBINED INSURANCE COMPANY OF AMERICA (00773) PHILADELPHIA, PENNSYLVANIA
10-31-1949 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President BRAD M BENNETT
Secretary CARMINE A GIGANTI
Treasurer JOSEPH J JORDAN