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333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

MONUMENTAL 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:  Normal Operations
License Number:  56200
License Type:  Life (LI)
NAIC Number:  66281
TDI Company Number:  56200
FEIN:  520419790
Home City/State:  IA
Origin:  Foreign
Date Incorporated/Organized:  03/05/1858
Date Licensed/Eligible/Registered in Texas:  07/20/1970
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  4333 Edgewood Road Ne
 Cedar Rapids IA 52499
Office Number:  (319)355-8511
Toll Free Number:  (800)638-3080
Fax Number:  (319)355-2210


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   $31,107,348,401     $31,057,181,691     $31,879,574,241  
Total Liabilities   $30,126,495,028     $30,245,861,473     $30,908,349,522  
Asset to Liability Ratio   1.0     1.0     1.0  
Capital   $10,137,150     $10,137,150     $10,137,150  
Net Surplus   $970,716,230     $801,183,068     $961,087,569  
Total Life Ins   $64,716,537,000     $62,580,355,000     $59,921,824,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $61,711,998     $65,278,457     $83,984,381  
Accident and Health   $28,189,587     $27,640,799     $26,456,054  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $89,901,585     $92,919,256     $110,440,435  
National Premium   $1,783,157,302     $1,843,793,385     $1,948,166,322  


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 3 2
Accident and Health 0 0 1
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 .0046 8.6443 N/A
Accident and Health .0000 .0000 .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
02-14-2014 Line Approved: Variable Life
12-05-2013 FA-Hours: 5
FA-Hours: 20
11-12-2013 PENALTY OF $45,000 FOR VIOLATIONS FOUND DURING A MULTI-STATE MARKET CONDUCT EXAMINATION, KENTUCKY $13,000, VIRGINIA $27,000, WEST VIRGINIA $5,000.
04-01-2013 PENALTY OF $100,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
12-19-2012 PENALTY OF $50,000 PAID BY MONUMENTAL AND 4 AFFILIATES FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MINNESOTA.
08-29-2011 PENALTY OF $16,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.
12-08-2010 EFFECTIVE 12/07/2010 REINSURED LIFE POLICIES (TERM AND WHOLE LIFE) AND ACCIDENT AND HEALTH POLICIES (HIP, AD&D, DI, MEDICAL SUPPLEMENT) OF THE UNION LABOR LIFE INSURANCE COMPANY (85130) SILVER SPRING, MARYLAND.
06-17-2009 PENALTY OF $37,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.
06-11-2009 PENALTY OF $26,001.25 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
04-14-2009 PENALTY OF $35,500 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN FLORIDA.
12-15-2008 PENALTY OF $1,000 FOR FAILURE TO REFUND WRONGFULLY COLLECTED PREMIUMS TO AN INSURED IN KENTUCKY.
10-29-2008 PENALTY OF $250,000 FOR VIOLATIONS FOUND DURING AN INQUIRY IN NEW JERSEY.
12-10-2007 EFFECTIVE 10/01/2007 PEOPLES BENEFIT LIFE INSURANCE COMPANY (58550) CEDAR RAPIDS, IOWA MERGED INTO COMPANY
06-05-2007 REDOMESTICATED FROM BALTIMORE, MARYLAND TO CEDAR RAPIDS, IOWA BY WAY OF CHARTER AMENDMENT
04-02-2007 PENALTY OF $5,000 FOR CHARGING RATES DIFFERENT THAN THOSE FILED WITH AND APPROVED BY THE INSURANCE COMMISSIONER IN WASHINGTON.
03-08-2007 EFFECTIVE 09/01/2006 REINSURED CERTAIN GROUP LIFE INSURANCE POLICIES OF UNION FIDELITY LIFE INSURANCE COMPANY (21750) SCHAUMBURG, ILLINOIS.
02-07-2007 EFFECTIVE 09/01/2006 REINSURED CERTAIN GROUP LIFE INSURANCE POLICIES OF COMBINED INSURANCE COMPANY OF AMERICA (18250) CHICAGO, ILLINOIS.
01-05-2007 ADDED VARIABLE ANNUITY INSURANCE.
05-25-2005 PENALTY OF $11,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.
11-01-2004 EFFECTIVE 10/01/2004 PENSION LIFE INSURANCE COMPANY OF AMERICA (93910) PRINCETON, NEW JERSEY MERGED INTO COMPANY.
09-17-2004 PENALTY OF $110,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ILLINOIS.
02-03-2004 PENALTY OF $7,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.
01-21-2004 PENALTY OF $7,400 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN KENTUCKY.
11-14-2002 PENALTY OF $30,000 FOR VIOLATIONS FOUND IN AN INVESTIGATION IN NEW JERSEY.
04-01-2002 PENALTY OF $7,000 FOR DISALLOWING MEDICARE SUPPLEMENT COVERAGE TO BE SOLD PRIOR TO THE COMPANY'S EFFECTIVE WITHDRAWAL DATE IN MARYLAND.
11-20-2001 PENALTY OF $5,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN VIRGINIA.
06-15-2001 PENALTY OF $36,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ARIZONA.
08-01-2000 PENALTY OF $88,767.74 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
06-07-2000 PENALTY OF $7,250 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN FLORIDA.
12-17-1999 PARTIALLY REINSURED AIG LIFE INSURANCE COMPANY (48098) WILMINGTON, DELAWARE
12-07-1999 PENALTY OF $20,000 FOR USE OF POLICY FORMS NOT APPROVED BY THE INSURANCE DIVISION IN OREGON.
12-03-1999 PENALTY OF $19,200 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.
10-22-1999 EFFECTIVE 07/01/1999 REINSURED CERTAIN LIFE, HEALTH AND ANNUITY POLICIES OF LIFE INSURANCE COMPANY OF GEORGIA (06035) ATLANTA, GEORGIA.
07-09-1999 EFFECTIVE 12/01/1998 REINSURED A BLOCK OF GROUP OCCUPATIONAL ACCIDENT INSURANCE OF TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY (62550) LOS ANGELES, CALIFORNIA
01-27-1999 EFFECTIVE 11/30/1998 CSI LIFE INSURANCE COMPANY (05869) (ASSUMED NAME OF *CAPITAL SECURITY LIFE INSURANCE COMPANY#*) DURHAM, NORTH CAROLINA, KENTUCKY COMMONWEALTH LIFE INSURANCE COMPANY (05909) (ASSUMED NAME OF *COMMONWEALTH LIFE INSURANCE COMPANY#*) LOUISVILLE, KENTUCKY AND PEOPLES SECURITY LIFE INSURANCE COMPANY DURHAM, NORTH CAROLINA (94206) MERGED INTO COMPANY.
10-06-1998 EFFECTIVE 08/01/1998 REINSURED SOME GROUP ACCIDENT AND DISABILITY INSURANCE POLICIES OF CITICORP LIFE INSURANCE COMPANY (93724) PHOENIX, ARIZONA
10-05-1998 EFFECTIVE 07/01/1998 REINSURED MORTGAGE INSURANCE POLICIES OF UNITY FINANCIAL LIFE INSURANCE COMPANY (05894) PHILADELPHIA, PENNSYLVANIA
06-01-1998 EFFECTIVE 07/01/1998 REINSURED MORTGAGE INSURANCE POLICIES OF UNION FIDELITY LIFE INSURANCE COMPANY (21750) CHICAGO, ILLINOIS.
05-05-1998 PENALTY OF $6,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT REVIEW IN PENNSYLVANIA.
02-09-1998 PENALTY OF $25,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN KENTUCKY.
07-01-1997 EFFECTIVE 01/01/1995 THREE GROUP MORTGAGE ACCIDENTAL DEATH POLICIES REINSURED BY UNION FIDELTY LIFE INSURANCE COMPANY (21750) CHICAGO, ILLINOIS
08-16-1996 EFFECTIVE 12/31/1995 A SMALL BLOCK OF CREDIT LIFE AND CREDIT DISABILITY BUSINESS REINSURED BY AIG LIFE INSURANCE COMPANY (48098) WILMINGTON, DELAWARE
10-27-1995 EFFECTIVE 01/01/1996 PARTIALLY REINSURED THE MORTAGE LIFE AND HEALTH INSURANCE OF CHUBB LIFE INSURANCE COMPANY OF AMERICA (88750) CONCORD, NEW HAMPSHIRE
04-18-1995 EFFECTIVE 05/01/1995 PARTIALLY REINSURED BY THE CENTENNIAL LIFE INSURANCE COMPANY (14376) MERRIAM, KANSAS.
03-03-1993 EFFECTIVE 01/01/1992 PARTIALLY REINSURED MONUMENTAL GENERAL LIFE INSURANCE COMPANY (30108) BALTIMORE, MARYLAND.
02-04-1993 EFFECTIVE 10/01/1993 PARTIALLY REINSURED NORTH AMERICAN LIFE AND CASUALTY COMPANY (93629) MINNEAPOLIS, MINNESOTA.
03-21-1991 EFFECTIVE 01/01/1991 PARTIALLY REINSURED BY COLORADO BANKERS LIFE INSURANCE COMPANY (93450) ENGLEWOOD, COLORADO.
06-27-1990 EFFECTIVE 04/01/1990 PARTIALLY REINSURED WASHINGTON NATIONAL INSURANCE COMPANY (89550) EVANSTON, ILLINOIS.
07-20-1970 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
Secretary HELEN S BOYER