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

PAUL REVERE LIFE INSURANCE COMPANY, THE

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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:  65050
License Type:  Life (LI)
NAIC Number:  67598
TDI Company Number:  65050
FEIN:  041768571
Home City/State:  MA
Origin:  Foreign
Date Incorporated/Organized:  06/10/1930
Date Licensed/Eligible/Registered in Texas:  11/08/1930
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  1 Fountain Square
 Chattanooga TN 37402
Office Number:  (423)294-1011
Toll Free Number:  
Fax Number:  (423)294-4260


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, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $4,602,368,113     $4,458,163,857     $4,301,833,572  
Total Liabilities   $4,194,380,983     $4,089,880,401     $3,965,746,374  
Asset to Liability Ratio   1.1     1.0     1.0  
Capital   $9,800,000     $9,800,000     $9,800,000  
Net Surplus   $398,187,130     $358,483,456     $326,287,198  
Total Life Ins   $1,655,352,000     $1,573,161,000     $1,507,057,000  


Premiums:

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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  
National Premium   $356,066,710     $336,471,884     $315,537,393  


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
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


Company Officers:

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Title Name
President KEVIN P MCCARTHY
Secretary SUSAN N ROTH
Treasurer KEVIN A MCMAHON