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

MADISON NATIONAL LIFE INSURANCE COMPANY, INC.

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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:  50320
License Type:  Life (LI)
NAIC Number:  65781
TDI Company Number:  50320
FEIN:  390990296
Home City/State:  WI
Origin:  Foreign
Date Incorporated/Organized:  10/17/1961
Date Licensed/Eligible/Registered in Texas:  05/07/1976
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  P O Box 5008
 Madison WI 53705
Office Number:  (608)830-2000
Toll Free Number:  (800)356-9601
Fax Number:  (608)830-2700


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, 2012 Dec. 31, 2013 Dec. 31, 2014
Total Assets   $689,695,023     $488,614,473     N/A  
Total Liabilities   $617,390,666     $410,645,851     N/A  
Asset to Liability Ratio   1.1     1.1     N/A  
Capital   $3,600,000     $3,600,000     N/A  
Net Surplus   $68,704,357     $74,368,622     N/A  
Total Life Ins   $11,322,179,000     $11,580,815,000     N/A  


Premiums:

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As of: Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2014
Life and Annuities   $3,113,463     $3,121,954     N/A  
Accident and Health   $4,441,571     $7,023,162     N/A  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $7,555,034     $10,145,116     N/A  
National Premium   $188,098,040     $207,606,036     N/A  


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, 2013 Dec 31, 2014 Feb 27, 2015
Confirmed Complaints:      
Life and Annuity 1 0 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 N/A N/A N/A
Accident and Health N/A N/A .0000 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
08-20-2013 EFFECTIVE 05/13/2013 PARTIALLY REINSURED CERTAIN LONG-TERM DISABILITY INSURANCE POLICIES OF LUMBERMENS MUTUAL CASUALTY COMPANY (49550) LONG GROVE, ILLINOIS.
06-13-2013 EFFECTIVE 02/01/2013 PARTIALLY REINSURED CERTAIN WHOLE LIFE POLICIES OF GOLDEN STATE MUTUAL LIFE INSURANCE COMPANY (34000) LOS ANGELES, CALIFORNIA.
07-26-2010 EFFECTIVE 10/01/2006 REINSURED CERTAIN LIFE POLICIES OF PARK AVENUE LIFE INSURANCE COMPANY (00025) WILMINGTON, DELAWARE.
07-08-2009 EFFECTIVE 09/01/2006 LIFE POLICIES REINSURED BY DIXIE NATIONAL LIFE INSURANCE COMPANY (23700) INDIANAPOLIS, INDIANA AND STANDARD LIFE INSURANCE COMPANY OF INDIANA (78585) INDIANAPOLIS, INDIANA.
03-08-2007 EFFECTIVE 01/01/2006 REINSURED DENTAL POLICIES OF NATIONAL HEALTH INSURANCE COMPANY (84250) GRAND PRAIRIE, TEXAS.
09-26-2006 MOVED HOME OFFICE FROM MIDDLETON, WISCONSIN TO MADISON, WISCONSIN.
08-15-2006 REINSURED CERTAIN LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS FROM ASSUMPTION MUTUAL LIFE INSURANCE COMPANY NOT LICENSED IN TEXAS NEW BRUNSWICK, CANADA.
07-25-2006 EFFECTIVE 09/01/2005 REINSURED SPECIFIC OPEN DISABILITY CLAIM FILES OF RELIANCE INSURANCE COMPANY (70000) PHILADELPHIA, PENNSYLVANIA.
03-16-2006 PENALTY OF $6,500 FOR FAILURE TO TIMELY FILE ITS 2004 STATEMENT OF ACTUARIAL OPINION IN WASHINGTON.
12-14-2004 EFFECTIVE 01/01/2005 REINSURED CREDIT LIFE AND CREDIT DISABILITY INSURANCE OF UNITED MERCANTILE LIFE INSURANCE COMPANY (93767) EL PASO, TEXAS.
07-16-2002 EFFECTIVE 12/01/2001 REINSURED CERTAIN GROUP DISABILITY POLICIES OF AMERICAN CHAMBERS LIFE INSURANCE COMPANY (68150) CLEVELAND, OHIO.
12-27-2001 EFFECTIVE 12/30/2000 REINSURED CERTAIN LIFE POLICIES OF LIFE INSURANCE COMPANY OF ALABAMA NOT LICENSED IN TEXAS GADSEN, ALABAMA.
01-22-2001 EFFECTIVE 11/01/2000 TOTALLY REINSURED FIRST CITY LIFE INSURANCE COMPANY (30070) HOUSTON, TEXAS
02-16-2000 EFFECTIVE 11/30/1999 TOTALLY REINSURED INTERNATIONAL FINANCIAL SERVICES LIFE INSURANCE COMPANY (35475) JEFFERSON CITY, MISSOURI. EFFECTIVE 06/30/1999 TOTALLY REINSURED FIRST NATIONAL LIFE INSURANCE COMPANY OF AMERICA (93709) JACKSON, MISSISSIPPI. EFFECTIVE 06/30/1999 TOTALLY REINSURED FRANKLIN PROTECTIVE LIFE INSURANCE COMPANY (05808) JACKSON, MISSISSIPPI. EFFECTIVE 06/30/1999 TOTALLY REINSURED FAMILY GUARANTY LIFE INSURANCE COMPANY, A MISSISSIPPI CORPORATION, NOT LICENSED IN TEXAS.
12-06-1999 EFFECTIVE 05/01/1999 REINSURED CERTAIN LIFE INSURANCE POLICIES OF COLORADO BANKERS LIFE INSURANCE COMPANY (93450) ENGLEWOOD, COLORADO.
07-29-1998 EFFECTIVE 10/01/1997 PARTIALLY REINSURED LIFE AND ANNUITY POLICIES OF INDIVIDUAL ASSURANCE COMPANY, LIFE, HEALTH & ACCIDENT (93500) KANSAS CITY, MISSOURI.
03-17-1997 EFFECTIVE 01/01/1996 REINSURED CERTAIN ANNUITIES OF U.S. NATIONAL HERITAGE LIFE INSURANCE COMPANY, ASSUMED NAME OF NATIONAL HERITAGE LIFE INSURANCE COMPANY (06056) WILMINGTON, DELAWARE.
01-09-1997 EFFECTIVE 01/01/1996 PARTIALLY REINSURED CERTAIN WHOLE LIFE INSURANCE AND ANNUITY POLICIES OF THE MIDLAND LIFE INSURANCE COMPANY (93578) COLUMBUS, OHIO
04-12-1996 EFFECTIVE 10/01/1995 PARTIALLY REINSURED AMERICAN CAPITAL LIFE INSURANCE COMPANY NOT LICENSED IN TEXAS WASHINGTON, DISTRICT OF COLUMBIA
11-03-1995 EFFECTIVE 01/01/1995 TOTALLY REINSURED NATIONAL UNITED LIFE INSURANCE COMPANY (59100) SIOUX FALLS, SOUTH DAKOTA.
08-24-1995 EFFECTIVE 06/01/1995 PARTIALLY REINSURED INDIVIDUAL LIFE POLICIES OF COMPANION LIFE INSURANCE COMPANY (05209) COLUMBIA, SOUTH CAROLINA.
10-31-1994 EFFECTIVE 08/01/1994 TOTALLY REINSURED ARIZONA LIFE INSURANCE COMPANY (93874) PHOENIX, ARIZONA.
02-22-1994 EFFECTIVE 01/01/1993 PARTIALLY REINSURED PACIFIC NORTHWEST LIFE INSURANCE COMPANY (64300) PORTLAND, OREGON.
06-27-1977 FORMERLY: MADISON NATIONAL LIFE INSURANCE COMPANY INC OF WISCONSIN (50325).
05-07-1976 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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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.