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

AMERICAN ALTERNATIVE INSURANCE CORPORATION

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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:  5300
License Type:  Fire and Casualty (FC)
NAIC Number:  19720
TDI Company Number:  5300
FEIN:  522048110
Home City/State:  DE
Origin:  Foreign
Date Incorporated/Organized:  06/14/1995
Date Licensed/Eligible/Registered in Texas:  07/31/1998
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  555 College Road East
 Princeton NJ 08543
Office Number:  (609)243-4200
Toll Free Number:  
Fax Number:  (609)243-4257


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   $434,550,151     $464,716,934     $452,241,288  
Total Liabilities   $278,325,291     $308,484,553     $290,492,926  
Asset to Liability Ratio   1.5     1.5     1.5  
Capital   $5,120,000     $5,120,000     $5,120,000  
Net Surplus   $151,104,860     $151,112,382     $156,628,363  
Total Life Ins   N/A     N/A     N/A  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   N/A     N/A     N/A  
Accident and Health   $8,449,225     $7,318,936     $6,732,166  
Property and Casualty   $38,387,911     $41,353,443     $49,313,441  
Total Texas Premium   $46,837,136     $48,672,379     $56,045,607  
National Premium   $937,073,019     $763,125,480     $802,557,401  


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 0 0
Accident and Health 0 0 0
Homeowner 0 0 0
Automobile 0 1 1
Workers' Compensation 1 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities N/A N/A N/A N/A N/A
Accident and Health .0000 .0000 .0000 .0000 N/A
Homeowner N/A N/A N/A N/A N/A
Automobile .0000 .0000 .0042 .7931 N/A
Workers' Compensation 7.1429 47.8835 .0000 .0000 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
03-13-2013 PENALTY OF $195,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.
11-08-2012 PENALTY OF $7,600 FOR FAILURE TO TIMELY FILE CANCELLATION AND NON-RENEWAL NOTICES ON WC POLICIES IN NEW YORK.
12-20-2010 PENALTY OF $1,619 FOR FAILURE TO TIMELY FILE NECESSARY 6WC FORMS IN NEW HAMPSHIRE
11-02-2010 PENALTY OF $200 FOR FAILING TO FILE EVIDENCE OF COVERAGE IN ACCORDANCE OF LAWS IN SOUTH CAROLINA.
10-21-2010 PENALTY OF $350 FOR FAILURE TO TIMELY FILE CERTAIN NOTICES REQUIRED BY LAWS IN NEW YORK.
08-31-2010 PENALTY OF $150 FOR FAILURE TO FILE EVIDENCE OF COVERAGE IN ACCORDANCE WITH LAWS IN WISCONSIN.
08-11-2010 PENALTY OF $100 FOR LATE FILING OF WORKERS COMPENSATION NOTICE OF COVERAGE FORM IN MAINE.
07-09-2010 PENALTY OF $250 FOR LATE PAYMENT OF ASSESSMENT IN MASSACHUSETTS.
06-11-2010 PENALTY OF $727 FOR LATE FILING OF NOTICE COVERAGE IN NEW HAMPSHIRE.
05-21-2010 PENALTY OF $100 FOR LATE FILING OF WORKERS COMPENSATION FORMS IN MAINE. PENALTY OF $283 FOR LATE FILING OF CERTAIN WORKERS COMPENSATION FORMS IN NEW HAMPSHIRE.
05-17-2010 PENALTY OF $550 FOR LATE FILING NOTICES IN NEW YORK.
03-25-2010 PENALTY OF $550 FOR FAILURE TO PROVIDE A COMPLETE AND TIMELY RESPONSE IN COLORADO.
03-09-2010 PENALTY OF $193 FOR LATE FILING OF WORKERS COMPENSATION NOTICE OF COVERAGE IN NEW HAMPSHIRE.
03-01-2010 PENALTY OF $1,000 FOR FAILURE TO TIMELY PAY ANNUAL APPOINTMENT INVOICE IN NEVADA
02-12-2010 PENALTY OF $100 FOR LATE FILING OF WORKERS COMPENSATION POLICY IN MAINE.
10-16-2009 PENALTY OF $664 FOR LATE COVERAGE FILING OF WORKERS COMPENSATION POLICIES IN NEW HAMPSHIRE.
10-14-2009 PENALTY OF $3,100 FOR LATE FILING OF WORKERS COMPENSATION NOTICES IN NEW YORK.
09-14-2009 PENALTY OF $2,000 FOR LATE PAYMENT OF ASSESSMENT FOR THE INVESTIGATION OF FRAUDULENT CLAIMS IN NEVADA.
08-31-2009 PENALTY OF $200 FOR LATE FILING OF WORKERS COMPENSATION POLICY IN SOUTN CAROLINA.
08-27-2009 PENALTY OF $167 FOR LATE FILING OF WORKERS COMPENSATION NOTICE OF COVERAGE IN NEW HAMPSHIRE.
08-18-2009 PENALTY OF $150 FOR FAILURE TO FILE EVIDENCE OF COVERAGE IN A TIMELY MANNER IN WISCONSIN.
06-19-2009 PENALTY OF $150 FOR FAILURE TO TIMELY FILE EVIDENCE OF COVERAGE IN WISCONSIN.
05-05-2009 PENALTY OF $500 FOR FIVE INSTANCES OF LATE COVERAGE FILINGS IN SOUTH CAROLINA.
03-24-2009 PENALTY OF $500 FOR LATE FILING OF ANNUAL PREMIUM QUOTATIONS IN HAWAII.
03-16-2009 PENALTY OF $300 FOR TWO INSTANCES OF LATE REPORTING OF EVIDENCE OF COVERAGE IN WISCONSIN.
03-09-2009 PENALTY OF $450 FOR THREE INSTANCES OF LATE WORKERS COMPENSATION FILINGS IN WISCONSIN.
02-19-2009 PENALTY OF $200 FOR LATE FILING OF WORKERS COMPENSATION FORM IN FLORIDA.
01-30-2009 PENALTY OF $600 FOR ISSUING INSURANCE POLICIES BEFORE THE APPROPRIATE RULE FILING WAS MADE IN OKLAHOMA.
01-06-2009 PENALTY OF $500 FOR LATE FILING OF NOTICE OF COVERAGE IN WISCONSIN.
12-15-2008 PENALTY OF $100 FOR LATE FILING OF A WORKERS COMPENSATION POLICY IN SOUTH CAROLINA.
10-14-2008 PENALTY OF $350 FOR FAILURE TO COMPLY WITH NOTICE TO CARRIER IN WISCONSIN.
10-03-2008 PENALTY OF $250 FOR LATE FILING OF A WORKERS COMPENSATION POLICY IN OREGON.
09-15-2008 PENALTY OF $600 FOR LATE FILING OF A MALPRACTICE CLAIM REPORT IN TENNESSEE.
09-12-2008 PENALTY OF $100 FOR LATE FILING OF A WORKERS COMPENSATION FILING IN SOUTH CAROLINA.
09-10-2008 PENALTY OF $485 FOR LATE PAYMENT OF A REGULATORY SURCHARGE IN WASHINGTON.
04-15-2008 PENALTY OF $150 FOR FAILURE TO FILE EVIDENCE OF COVERAGE ON A TIMELY BASIS UNDER A WORKERS' COMPENSATION POLICY IN WISCONSIN.
03-11-2008 PENALTY OF $100 FOR FAILURE TO FILE A GUARANTY CONTRACT WITHIN 30 DAYS OF COVERAGE IN OREGON. PENALTY OF $150 FOR FAILURE TO FILE TIMELY EVIDENCE OF COVERAGE IN WISCONSIN.
01-23-2008 PENALTY OF $1000 FOR FAILURE TO TIMELY FILE ANNUAL COMPLAINT REPORT IN NEVADA.
11-30-2007 PENALTY OF $150 FOR LATE POLICY AND PROOF OF COVERAGE FILING IN UTAH.
04-04-2007 PENALTY OF $10,000 FOR SUBMISSION OF INCORRECT EXCESSIVE PROFIT FILINGS IN FLORIDA.
10-15-2003 PENALTY OF $21,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN FLORIDA.
06-22-2001 PENALTY OF $12,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN FLORIDA.
07-31-1998 SURVIVOR OF REDOMESTICATION OF AMERICAN ALTERNATIVE INSURANCE CORPORATION (95272) NEW YORK, NEW YORK WITH AMERICAN ALTERNATIVE INSURANCE CORPORATION OF DELAWARE, WILMINGTON, DELAWARE WHO IMMEDIATELY CHANGED NAME TO AMERICAN ALTERNATIVE INSURANCE CORPORATION.
FORMERLY: AMERICAN ALTERNATIVE INSURANCE CORPORATION OF DELAWARE


Company Officers:

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Title Name
President ANTHONY J KUCZINSKI
Secretary ROBIN H WILLCOX