|Type of Entity:||Authorized Company (AUTH)|
|Status of TX License:||Active|
|Company Status:||Normal Operations|
|License Type:||Life (LI)|
|TDI Company Number:||65050|
|Date Licensed/Eligible/Registered in Texas:||11/08/1930|
1 Fountain Square
Chattanooga TN 37402
|Toll Free Number:|
To determine if a company uses credit information for private passenger automobile or homeowners insurance.
The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.
|As of:||Dec. 31, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Asset to Liability Ratio||1.1||1.0||1.0|
|Total Life Ins||$1,655,352,000||$1,573,161,000||$1,507,057,000|
|As of:||Dec. 31, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Life and Annuities||$455,152||$427,558||$403,470|
|Accident and Health||$14,404,125||$13,128,422||$12,355,983|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||$14,859,277||$13,555,980||$12,759,453|
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|
|Life and Annuity||0||0||0|
|Accident and Health||0||0||0|
|Life and Annuities||.0000||.0000||.0000||.0000||N/A|
|Accident and Health||.0000||.0000||.0000||.0000||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.
|11-10-2004||PENALTY OF $50,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MINNESOTA.|
|03-19-2003||PENALTY OF $250,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN GEORGIA.|
|05-31-2002||EFFECTIVE 05/04/2001 PAUL REVERE PROTECTIVE LIFE INSURANCE COMPANY, THE (65075) WILMINGTON, DELAWARE MERGED INTO COMPANY|
|01-18-2002||PENALTY OF $15,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ILLINOIS.|
|02-22-2001||PENALTY OF $5,000 PAID BY COMPANY, PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, PROVIDENT LIFE AND CASUALTY INSURANCE COMPANY, AND UNUM LIFE INSURANCE COMPANY OF AMERICA FOR REFUSAL TO PROVIDE ACCESS AND PRODUCE DOCUMENTS REQUESTED BY COMMISSIONER'S EXAMINER IN GEORGIA.|
|09-24-1999||PENALTY OF $15,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.|
|05-28-1998||PENALTY OF $25,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN ILLINOIS.|
|11-25-1996||PENALTY OF $25,000 FOR ACCEPTING BUSINESS AND PAYMENT OF COMMISSIONS TO UNAPPOINTED AND/OR UNLICENSED AGENTS IN SOUTH DAKOTA.|
|07-17-1996||PENALTY OF $6,754.25 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.|
|06-11-1996||PENALTY OF $24,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.|
|12-02-1993||PENALTY OF $5,000 FOR VIOLATIONS REGARDING THE ISSUANCE OF NEW ANNUITY CONTRACTS PROVIDING FOR CASH SURRENDER VALUES OR OPTIONAL CASH WITHDRAWAL VALUES EXCEEDING ALLOWABLE AMOUNTS IN NEW YORK.|
|10-20-1992||EFFECTIVE 06/01/1992 CERTAIN GROUP ACCIDENT AND HEALTH POLICIES PARTIALLY REINSURED BY TRAVELERS INSURANCE COMPANY, THE (83850) HARTFORD, CONNECTICUT|
|01-01-1980||PARTIALLY REINSURED PAUL REVERE VARIABLE ANNUITY INSURANCE COMPANY, THE (65100) WORCESTER, MASSACHUSETTS|
|10-17-1946||MERGED WITH MASSACHUSETTS PROTECTIVE LIFE ASSURANCE COMPANY (02400) WORCESTER, MASSACHUSETTS|
|11-08-1930||GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS|
|President||KEVIN P MCCARTHY|
|Secretary||SUSAN N ROTH|
|Treasurer||KEVIN A MCMAHON|