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

PEOPLES BENEFIT 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:  Life, Health, or Accident (LI)
Status of TX License:  Cancelled
Company Status:  Cancelled
License Number:  58550
NAIC Number:  66605
TDI Company Number:  58550
FEIN:  430378030
Home City/State:  IA
Origin:  Foreign
Date Incorporated/Organized:  08/20/1920
Date Licensed/Eligible/Registered in Texas:  08/03/1956
Date Cancelled/Ineligible/Inactive:  12/10/2007

Contact Information:

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Mailing Address:  4333 Edgewood Road Ne
 Cedar Rapids IA 52499
Office Number:  (319)398-8511
Toll Free Number:  (800)523-7900
Fax Number:  (319)369-2206


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, 2015 Dec. 31, 2016 Dec. 31, 2017
Total Assets   N/A     N/A     N/A  
Total Liabilities   N/A     N/A     N/A  
Asset to Liability Ratio   N/A     N/A     N/A  
Capital   N/A     N/A     N/A  
Net Surplus   N/A     N/A     N/A  
Total Life Ins   N/A     N/A     N/A  


Premiums:

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As of: Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017
Life and Annuities   N/A     N/A     N/A  
Accident and Health   N/A     N/A     N/A  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   N/A     N/A     N/A  
National Premium   N/A     N/A     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, 2016 Dec 31, 2017 Apr 20, 2018
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 N/A N/A N/A
Accident and Health N/A N/A N/A 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
12-10-2007 EFFECTIVE 10/01/2007 MERGED INTO MONUMENTAL LIFE INSURANCE COMPANY (56200) CEDAR RAPIDS, IOWA CERTIFICATE OF AUTHORITY CANCELLED
09-25-2007 PENALTY OF $39,991.75 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
07-27-2007 PENALTY OF $500 FOR FAILURE TO PAY AN ADMINISTRATIVE PENALTY WITHIN 30 DAYS IN MARYLAND.
07-12-2006 PENALTY OF $10,000 FOR POLICY FORM VIOLATIONS IN TEXAS.
01-24-2006 PENALTY OF $35,500 FOR FAILURE TO TIMELY FILE ANNUAL RATE FILINGS FOR A HOSPITAL INDEMNITY PRODUCT IN YEARS 1992 THROUGH 2004 IN FLORIDA.
05-25-2005 PENALTY OF $12,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.
04-16-2004 WITHDREW AUTHORIZATION TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
01-05-2004 PENALTY OF $5,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN VIRGINIA.
04-03-2003 EFFECTIVE 02/01/2003 REINSURED CERTAIN INDIVIDUAL AND GROUP MEDICARE SUPPLEMENT POLICIES OF THE UNION LABOR LIFE INSURANCE COMPANY (85130) BALTIMORE, MARYLAND
10-17-2001 PENALTY OF $10,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ILLINOIS.
02-26-2001 PENALTY OF $5,000 FOR COORDINATING BENEFITS WITH OTHER HEALTH PLANS WHEN POLICIES DID NOT CONTAIN A COORDINATION OF BENEFITS PROVISION IN NEW JERSEY.
03-01-2000 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
02-25-2000 REDOMESTICATED FROM JEFFERSON CITY, MISSOURI TO CEDAR RAPIDS, IOWA BY WAY OF CHARTER AMENDMENT
10-01-1998 FORMERLY: PROVIDIAN LIFE AND HEALTH INSURANCE COMPANY
05-22-1998 PENALTY OF $9,500 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN FLORIDA.
01-20-1997 PENALTY OF $5,000 FOR VIOLATIONS WITH REPLACEMENT REQUIREMENTS OF MEDICARE SUPPLEMENT INSURANCE IN FLORIDA.
12-05-1995 PENALTY OF $15,000 PAID BY COMPANY AND VETERANS LIFE INSURANCE COMPANY FOR USING UNAPPROVED GROUP CERTIFICATES AND RIDERS FOR OUT-OF-STATE SITUSED GROUPS IN NEW HAMPSHIRE.
05-31-1995 FORMERLY: NATIONAL HOME LIFE ASSURANCE COMPANY
10-06-1994 PENALTY OF $6,185 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
11-09-1993 PENALTY OF $5,000 FOR FAILING TO USE THE APPROPRIATE DISCLOSURE CONCERNING THE GUARANTY ASSOCIATION WHEN ISSUING VARIABLE ANNUITY CONTRACTS IN MINNESOTA.
09-05-1991 EFFECTIVE 04/01/1991 COMPANY, KENTUCKY COMMONWEALTH LIFE INSURANCE COMPANY (05909) AND PEOPLES SECURITY LIFE INSURANCE COMPANY NOT LICENSED IN TEXAS PARTIALLY REINSURED BY AMERICAN SERVICE LIFE INSURANCE COMPANY (04880)
07-01-1973 PARTIALLY REINSURED LIFETIME SECURITY LIFE INSURANCE COMPANY (48280) DENTON, TEXAS.
12-17-1972 MOVED HOME OFFICE FROM SAINT LOUIS, MISSOURI TO JEFFERSON CITY, MISSOURI.
01-01-1970 CERTAIN POLICIES REINSURED BY NATIONAL OLD LINE INSURANCE COMPANY (93862) LITTLE ROCK, ARKANSAS
08-03-1956 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.