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

INVESTORS LIFE INSURANCE COMPANY OF NORTH 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:  30155
License Type:  Life (LI)
NAIC Number:  63487
TDI Company Number:  30155
FEIN:  231632193
Home City/State:  TX
Origin:  Domestic
Date Incorporated/Organized:  06/18/1963
Date Licensed/Eligible/Registered in Texas:  07/24/1969
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  P O Box 410288
 Kansas City MO 64141-0288
Office Number:  (816)391-2000
Toll Free Number:  (800)366-6565
Fax Number:  (816)391-2083


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   $705,836,167     $691,702,846     $691,305,710  
Total Liabilities   $661,787,336     $645,967,625     $642,056,138  
Asset to Liability Ratio   1.0     1.0     1.0  
Capital   $2,550,000     $2,550,000     $2,550,000  
Net Surplus   $41,498,831     $43,185,221     $46,699,572  
Total Life Ins   $2,991,094,000     $2,749,997,000     $2,544,186,000  


Premiums:

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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  
National Premium   $25,200,103     $23,756,604     $22,619,128  


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 18, 2014
Confirmed Complaints:      
Life and Annuity 0 1 1
Accident and Health 0 0 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 .0437 82.1212 N/A
Accident and Health .0000 .0000 N/A N/A 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
04-10-2014 FA-Hours: 18.5
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


Company Officers:

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Title Name
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