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

NATIONAL FOUNDATION 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:  6109
License Type:  Life (LI)
NAIC Number:  98205
TDI Company Number:  6109
FEIN:  731187572
Home City/State:  TX
Origin:  Domestic
Date Incorporated/Organized:  08/02/1983
Date Licensed/Eligible/Registered in Texas:  02/01/1984
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  3100 Burnett Plaza
 801 Cherry Street Unit 33
 Fort Worth TX 76102-6899
Office Number:  (817)878-3300
Toll Free Number:  (800)221-9039
Fax Number:  (817)878-3880


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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Please refer to Chapter 804 of the Texas Insurance Code (former Texas Insurance Code art. 1.36) for service of process procedures.



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   $30,365,401     $29,197,039     $26,678,261  
Total Liabilities   $20,542,208     $19,475,289     $16,172,872  
Asset to Liability Ratio   1.4     1.5     1.6  
Capital   $2,600,000     $2,600,000     $2,600,000  
Net Surplus   $7,223,193     $7,121,750     $7,905,389  
Total Life Ins   $26,321,000     $33,653,000     $43,143,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $8,030     $5,837     $5,166  
Accident and Health   $5,063,120     $5,882,134     $5,021,225  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $5,071,150     $5,887,971     $5,026,391  
National Premium   $30,505,890     $35,776,101     $34,731,533  


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 .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
12-05-2013 FA-Hours: 19
11-01-2011 EFFECTIVE 10/01/2011 REINSURED CERTAIN INDIVIDUAL AND/OR ASSOCIATION GROUP MAJOR MEDICAL INSURANCE POLICIES OF FREEDOM LIFE INSURANCE COMPANY OF AMERICA (19830) FORT WORTH, TEXAS.
04-07-2008 EFFECTIVE 04/01/2008 MEDICARE SUPPLEMENT POLICIES AND LIFE INSURANCE POLICIES ISSUED PRIOR TO 1999 REINSURED BY UNIFIED LIFE INSURANCE COMPANY (95596) DALLAS, TEXAS.
12-27-2006 EFFECTIVE 02/01/2007 REINSURED HOME HEALTHCARE AND MAJOR MEDICAL INSURANCE OF AMERICAN INSURANCE COMPANY OF TEXAS (03540) FORT WORTH, TEXAS AND NATIONAL FINANCIAL INSURANCE COMPANY (93483) FORT WORTH, TEXAS
09-28-2000 REDOMESTICATED FROM WILMINGTON, DELAWARE TO FORT WORTH, TEXAS BY WAY OF CHARTER AMENDMENT.
05-23-1996 PENALTY OF $10,000 FOR ADVERTISING VIOLATIONS IN TEXAS.
05-03-1993 EFFECTIVE 03/24/1993 PARTIALLY REINSURED LIFE AND HEALTH INSURANCE COMPANY OF AMERICA, A PENNSYLVANIA CORPORATION NOT LICENSED IN TEXAS.
03-09-1993 EFFECTIVE 03/31/1993 REINSURED THE MEDICARE SUPPLEMENT POLICIES OF AMERICAN INTEGRITY INSURANCE COMPANY (03570) PHILADELPHIA, PENNSYLVANIA
08-23-1991 PARTIALLY REINSURED BY BANKERS PROTECTIVE LIFE INSURANCE COMPANY (08110) AUSTIN, TEXAS
05-08-1991 CERTIFICATE OF AUTHORITY SUSPENSION LIFTED IN TENNESSEE.
04-17-1991 CERTIFICATE OF AUTHORITY SUSPENDED IN TENNESSEE.
09-17-1987 REINSURED VIRGINIA LIFE INSURANCE COMPANY (93925) FORT WORTH, TEXAS.
02-01-1984 REDOMESTICATED FROM OKLAHOMA TO DELAWARE. (58350)


Company Officers:

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Title Name
President BENJAMIN M CUTLER II
Secretary PATRICK H ONEILL
Treasurer CYNTHIA D KOENIG
CHIEF OPERATING OFFICER BENJAMIN M CUTLER II
Director CYNTHIA D KOENIG
Director KONRAD H KOBER
Director BILLY L JACOBS
Director PATRICK H ONEILL
Director RANITA GRAUWILER
Director BENJAMIN M CUTLER II