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

MONARCH LIFE INSURANCE COMPANY

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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:  Home State Receivership/Liquidation
License Number:  56050
License Type:  Life (LI)
NAIC Number:  66265
TDI Company Number:  56050
FEIN:  041630650
Home City/State:  MA
Origin:  Foreign
Date Incorporated/Organized:  08/15/1901
Date Licensed/Eligible/Registered in Texas:  03/22/1944
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  330 Whitney Avenue Suite 500
 Holyoke MA 01040-2857
Office Number:  (413)784-6764
Toll Free Number:  (800)784-2000
Fax Number:  (413)784-6036


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   $771,852,197     $753,487,745     $755,023,868  
Total Liabilities   $766,677,704     $748,459,158     $748,444,666  
Asset to Liability Ratio   1.0     1.0     1.0  
Capital   $6,007,730     $6,007,730     $6,007,730  
Net Surplus   ($833,238)     ($979,145)     $571,472  
Total Life Ins   $597,317,000     $565,626,000     $556,364,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $51,140     $41,523     $36,261  
Accident and Health   $549,978     $482,323     $420,574  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $601,118     $523,846     $456,835  
National Premium   $24,300,245     $21,977,660     $19,702,655  


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 0 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities N/A N/A .0000 .0000 N/A
Accident and Health N/A N/A .0000 .0000 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
12-12-2007 MOVED HOME OFFICE FROM SPRINGFIELD, MASSACHUSETTS TO HOLYOKE, MASSACHUSETTS.
08-07-1996 CERTIFICATE OF AUTHORITY SUSPENDED IN ILLINOIS.
06-27-1995 EFFECTIVE 05/01/1995 SPRINGFIELD LIFE INSURANCE COMPANY, INCORPORATED, BRATTLEBORO, VERMONT (77970) MERGED INTO COMPANY.
04-17-1995 EFFECTIVE 05/01/1995 DIRECT RESPONSE ACCIDENT AND HEALTH POLICIES PARTIALLY REINSURED BY J. C. PENNEY LIFE INSURANCE COMPANY (44340) RUTLAND, VERMONT
09-29-1994 CERTIFICATE OF AUTHORITY TEMPORARILY SUSPENDED IN NORTH DAKOTA.
09-15-1994 CERTIFICATE OF AUTHORITY SUSPENDED IN KENTUCKY.
07-27-1994 PERMANENT INJUNCTION AND ORDER APPOINTING PERMANENT RECEIVER FOR THE PURPOSES OF REHABILITATION IN MASSACHUSETTS.
06-23-1994 CERTIFICATE OF AUTHORITY SUSPENDED IN HAWAII.
06-09-1994 PLACED IN TEMPORARY RECEIVERSHIP IN MASSACHUSETTS.
02-24-1994 EFFECTIVE 12/30/1993 PARTIALLY REINSURED BY CENTRAL UNITED LIFE INSURANCE COMPANY (93609) HOUSTON, TEXAS.
07-13-1993 CERTIFICATE OF AUTHORITY SUSPENDED IN KANSAS.
06-02-1993 SUSPENDED THE WRITING OF NEW BUSINESS AND ASSUMPTION OF NEW REINSURANCE BUSINESS IN TEXAS.
01-25-1993 CERTIFICATE OF AUTHORITY REINSTATED IN NORTH DAKOTA.
12-03-1992 CERTIFICATE OF AUTHORITY SUSPENSION LIFTED IN ALABAMA.
10-22-1992 CERTIFICATE OF AUTHORITY REINSTATED IN OREGON.
07-28-1992 CERTIFICATE OF AUTHORITY SUSPENDED IN NORTH DAKOTA.
06-25-1992 CERTIFICATE OF AUTHORITY REVOKED IN WYOMING (AS PER NAIC).
06-17-1992 CERTIFICATE OF AUTHORITY SUSPENSION CONTINUED IN ALABAMA.
06-01-1992 CERTIFICATE OF AUTHORITY SUSPENDED IN IDAHO (AS PER NAIC).
10-09-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN MONTANA (AS PER NAIC).
08-17-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN WASHINGTON FOR ONE (1) YEAR (AS PER NAIC).
08-12-1991 CERTIFICATE OF AUTHORITY SUSPENSION LIFTED IN OKLAHOMA.
08-06-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN KENTUCKY.
07-29-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN THE VIRGIN ISLANDS FOR ONE (1) YEAR
07-10-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN NEVADA.
07-02-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN SOUTH CAROLINA. CERTIFICATE OF AUTHORITY SUSPENDED IN IDAHO FOR ONE (1) YEAR.
06-25-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN WYOMING.
06-21-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN OREGON.
06-20-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN UTAH. CERTIFICATE OF AUTHORITY SUSPENDED IN DELAWARE.
06-17-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN ALABAMA.
06-14-1991 CEASE AND DESIST WRITING NEW BUSINESS IN RHODE ISLAND.
06-12-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN OKLAHOMA. CERTIFICATE OF AUTHORITY SUSPENDED IN WASHINGTON.
06-06-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN MAINE.
06-04-1991 CEASE WRITING OR ASSUMING NEW BUSINESS IN MINNESOTA.
05-30-1991 PLACED IN TEMPORARY RECEIVERSHIP IN MASSACHUSETTS.
04-19-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN TENNESSEE.
12-31-1990 REINSURED BY MERRILL LYNCH LIFE INSURANCE COMPANY (05841) SEATTLE, WASHINGTON AND REINSURED BY TANDEM INSURANCE GROUP INC. (35460) CHICAGO, ILLINOIS.
09-20-1989 ADDED VARIABLE ANNUITY INSURANCE.
03-03-1981 ADDED VARIABLE LIFE INSURANCE.
05-28-1965 SPRINGFIELD INSURANCE COMPANY (03802) SPRINGFIELD, MISSOURI MERGED INTO COMPANY
12-31-1963 STANDARD INSURANCE COMPANY (03821) TULSA, OKLAHOMA MERGED INTO COMPANY
12-31-1960 FORMERLY: SPRINGFIELD FIRE & MARINE INSURANCE COMPANY (03801).
03-22-1944 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
Secretary JOHN S COULTON
Treasurer LARRY M HUMPHREY