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

MEDICO 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:  57401
License Type:  Life (LI)
NAIC Number:  31119
TDI Company Number:  57401
FEIN:  470122200
Home City/State:  NE
Origin:  Foreign
Date Incorporated/Organized:  02/20/1930
Date Licensed/Eligible/Registered in Texas:  12/07/1962
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  Po Box 10386
 Des Moines IA 50306-0386
Office Number:  (800)228-6080
Toll Free Number:  (800)228-6080
Fax Number:  (512)247-2435

Physical Address:  11808 Grant St
 Omaha NE 68164
Office Number:  
Toll Free Number:  
Fax Number:  


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   $55,131,094     $65,729,179     $69,133,931  
Total Liabilities   $23,585,288     $35,982,393     $38,194,993  
Asset to Liability Ratio   2.3     1.8     1.8  
Capital   $5,000,000     $5,000,000     $5,000,000  
Net Surplus   $26,545,806     $24,746,786     $25,938,938  
Total Life Ins   $72,840,000     $66,221,000     $59,505,000  


Premiums:

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As of: Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2014
Life and Annuities   $24,469     $32,045     $84,848  
Accident and Health   $1,327,674     $2,504,007     $5,347,150  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $1,352,143     $2,536,052     $5,431,998  
National Premium   $92,371,377     $96,596,751     $112,280,413  


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 May 22, 2015
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 .0000 .0000 .0000 .0000 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
03-13-2013 PENALTY OF $47,000 FOR FAILURE TO FILE ANNUAL RATE CERTIFICATIONS FOR 44 HEALTH INSURANCE FORMS IN FLORIDA.
01-14-2010 EFFECTIVE 02/01/2010 LONG TERM CARE POLICIES REINSURED BY ABILITY INSURANCE COMPANY (53020) OMAHA, NEBRASKA. EFFECTIVE 02/01/2010 REINSURED NON-LONG TERM CARE POLICIES OF ABILITY INSURANCE COMPANY (53020) OMAHA, NEBRASKA.
01-10-2006 FORMERLY: MUTUAL PROTECTIVE INSURANCE COMPANY CONVERTED FROM A MUTUAL LIFE INSURANCE COMPANY TO A STOCK LIFE INSURANCE COMPANY.
04-21-2004 ADDED LIFE INSURANCE.
CONVERTED FROM A MUTUAL PROPERTY AND CASUALTY INSURANCE COMPANY TO A MUTUAL LIFE INSURANCE COMPANY.
04-10-2001 PENALTY OF $10,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN INDIANA.
06-25-1991 PENALTY OF $5,000 FOR SELLING A POLICY UNKNOWINGLY IN VIOLATIONS OF ADMINISTRATIVE CODE IN WISCONSIN.
07-24-1974 CONVERTED FROM A MUTUAL CASUALTY TO A MUTUAL FIRE & CASUALTY COMPANY.
12-07-1962 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.