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

VETERANS 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:  58652
NAIC Number:  81027
TDI Company Number:  58652
FEIN:  362545774
Home City/State:  IL
Origin:  Foreign
Date Incorporated/Organized:  01/14/1965
Date Licensed/Eligible/Registered in Texas:  05/21/1974
Date Cancelled/Ineligible/Inactive:  08/10/2007

Contact Information:

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Mailing Address:  20 Moores Road
 Frazer PA 19355
Office Number:  (610)648-5000
Toll Free Number:  (800)523-5626
Fax Number:  (610)648-5600


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 Jan 19, 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
08-10-2007 EFFECTIVE 07/01/2007 MERGED INTO STONEBRIDGE LIFE INSURANCE COMPANY (44340) RUTLAND, VERMONT. CERTIFICATE OF AUTHORITY CANCELLED.
06-02-2005 PENALTY OF $15,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
05-18-2004 PENALTY OF $8,000 FOR A VIOLATION FOUND DURING A MARKET CONDUCT EXAMINATION IN OHIO.
02-25-2004 PENALTY OF $15,000 FOR FAILURE TO GIVE INSURANCE APPLICANTS WRITTEN NOTICE OF AN ADVERSE UNDERWRITING DECISION IN THE FORM APPROVED BY THE COMMISSION IN VIRGINIA.
04-26-2002 PENALTY OF $7,500 FOR USE OF UNLICENSED EMPLOYEES TO SOLICIT INSURANCE IN NEW JERSEY.
12-05-1995 PENALTY OF $15,000 PAID BY COMPANY AND PROVIDIAN LIFE AND HEALTH INSURANCE COMPANY FOR USING UNAPPROVED GROUP CERTIFICATES AND RIDERS FOR OUT-OF-STATE SITUSED GROUPS IN NEW HAMPSHIRE.
10-06-1995 EFFECTIVE 04/01/1995 NATIONAL LIBERTY LIFE INSURANCE COMPANY (58780) VALLEY FORGE, PENNSYLVANIA MERGED INTO COMPANY
10-06-1994 PENALTY OF $9,382.50 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
06-04-1991 PENALTY OF $9,268.45 FOR LATE FILING OF VALUATION FEE IN ILLINOIS.
01-23-1981 FORMERLY: NATIONAL INDEPENDENCE LIFE INSURANCE COMPANY (04726).
11-09-1977 FORMERLY: JOHN DEERE LIFE INSURANCE COMPANY (44972). MOVED HOME OFFICE FROM MOLINE, ILLINOIS TO SPRINGFIELD, ILLINOIS.
05-21-1974 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.