|Type of Entity:||Authorized Company (AUTH)|
|Status of TX License:||Active|
|Company Status:||Normal Operations|
|License Type:||Life (LI)|
|TDI Company Number:||30155|
|Date Licensed/Eligible/Registered in Texas:||07/24/1969|
P O Box 410288
Kansas City MO 64141-0288
|Toll Free Number:||(800)366-6565|
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, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Asset to Liability Ratio||1.0||1.0||1.0|
|Total Life Ins||$2,991,094,000||$2,749,997,000||$2,544,186,000|
|As of:||Dec. 31, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Life and Annuities||$1,175,591||$1,110,777||$1,089,853|
|Accident and Health||$4,390||$6,586||$1,646|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||$1,179,981||$1,117,363||$1,091,499|
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 18, 2014|
|Life and Annuity||0||1||1|
|Accident and Health||0||0||0|
|Life and Annuities||.0000||.0000||.0437||82.1212||N/A|
|Accident and Health||.0000||.0000||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.
|07-06-2009||MOVED HOME OFFICE FROM AUSTIN, TEXAS TO DALLAS, TEXAS.|
|10-28-2008||PENALTY OF $1,000 FOR FAILURE TO SUBMIT A LIST CERTIFIED AS COMPLETE AND ACCURATE OF ALL FORMS IN EFFECT IN MICHIGAN.|
|09-03-2008||ARTICLE 1.28, TEXAS INSURANCE CODE, WAS APPROVED TO MOVE THEIR BOOKS AND RECORDS OUT OF TEXAS.|
|06-06-2008||APPROVED ACQUISITION BY AMERICO FINANCIAL LIFE AND ANNUITY INSURANCE COMPANY (17450) DALLAS, TEXAS.|
|05-22-2008||AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.|
|01-13-2005||EFFECTIVE 10/01/2004 A CLOSED BLOCK OF INDIVIDUAL ACCIDENT AND HEALTH POLICIES REINSURED BY UNITED TEACHER ASSOCIATES INSURANCE COMPANY (05815) AUSTIN, TEXAS|
|03-18-2004||REDOMESTICATED FROM SEATTLE, WASHINGTON TO AUSTIN, TEXAS BY WAY OF CHARTER AMENDMENT.|
|08-07-2002||EFFECTIVE 02/19/2002 INVESTORS LIFE INSURANCE COMPANY OF INDIANA (93861) INDIANAPOLIS, INDIANA MERGED INTO COMPANY.|
|10-14-1994||EFFECTIVE 06/29/1993 STANDARD LIFE INSURANCE COMPANY (78580) JACKSON, MISSISSIPPI MERGED INTO COMPANY.|
|10-13-1994||ADDED ACCIDENT AND HEALTH INSURANCE.|
|12-20-1993||REDOMESTICATED FROM PHILADELPHIA, PENNSYLVANIA TO SEATTLE, WASHINGTON BY WAY OF CHARTER AMENDMENT.|
|10-29-1993||EFFECTIVE 12/31/1992 INVESTORS LIFE INSURANCE COMPANY OF CALIFORNIA (42156) LOS ANGELES, CALIFORNIA MERGED INTO COMPANY.|
|12-29-1978||FORMERLY: FIRST INVESTMENT ANNUITY COMPANY OF AMERICA (01364).|
|09-06-1978||MOVED HOME OFFICE FROM WAYNE, PENNSYLVANIA TO PHILADELPHIA, PENNSYLVANIA.|
|09-06-1973||MOVED HOME OFFICE FROM PHILADELPHIA, PENNSYLVANIA TO WAYNE, PENNSYLVANIA.|
|06-18-1963||GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS|
|President||GARY L MULLER|
|Secretary||JOHN L FORTINI|
|Treasurer||MARK K FALLON|
|Director||ROBERT J GRAHAM|
|Director||MICHAEL A MERRIMAN|
|Director||RODNEY K FOSTER|
|Chairman of the Board||GARY L MULLER|
|Director||GARY L MULLER|
|Chief Executive Officer||GARY L MULLER|