|Type of Entity:||Life, Health, or Accident (LI)|
|Status of TX License:||Active|
|Company Status:||Normal Operations|
|TDI Company Number:||66160|
|Date Licensed/Eligible/Registered in Texas:||03/23/1978|
P O Box 4884
Houston TX 77210-4884
|Toll Free Number:||(800)713-4680|
11720 Katy Freeway Suite 1700
Houston TX 77079-1243
|Toll Free Number:|
To determine if a company uses credit information for private passenger automobile or homeowners insurance.
Please refer to Chapter 804 of the Texas Insurance Code (former Texas Insurance Code art. 1.36) for service of process procedures.
The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.
|As of:||Dec. 31, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Asset to Liability Ratio||1.1||1.1||1.1|
|Total Life Ins||$50,227,000||$57,834,000||$194,719,000|
|As of:||Dec. 31, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Life and Annuities||$13,084,705||$22,448,997||$22,759,794|
|Accident and Health||$8,045,912||$8,856,683||$10,986,646|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||$21,130,617||$31,305,680||$33,746,440|
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, 2014||Dec 31, 2015||Sep 23, 2016|
|Life and Annuity||0||0||0|
|Accident and Health||1||0||0|
|Life and Annuities||.0000||.0000||.0000||.0000||N/A|
|Accident and Health||.0153||3.1024||.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.
|12-06-2007||EFFECTIVE 01/01/2007 REINSURED CERTAIN INDIVIDUAL LONG TERM CARE POLICIES OF LIFE AND HEALTH INSURANCE COMPANY OF AMERICA, PLYMOUTH MEETING, PENNSYLVANIA NOT LICENSED IN TEXAS.|
|10-12-2007||EFFECTIVE 10/01/2007 REINSURED DEFERRED ANNUITY CONTRACTS FROM LONDON PACIFIC LIFE & ANNUITY COMPANY (76355) RALEIGH, NORTH CAROLINA.|
|11-15-2005||EFFECTIVE 12/31/2005 REINSURED CERTAIN INDIVIDUAL ACCIDENT AND HEALTH INSURANCE POLICIES FROM CENTRAL STATES HEALTH & LIFE CO. OF OMAHA (15150) OMAHA, NEBRASKA|
|10-22-2003||EFFECTIVE 01/01/2004 REINSURED CERTAIN ACCIDENT AND HEALTH INSURANCE POLICIES OF OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA (62600) WACO, TEXAS|
|11-04-2002||EFFECTIVE 09/01/2002 TOTALLY REINSURED BANKERS COMMERCIAL LIFE INSURANCE COMPANY (07650) DALLAS, TEXAS.|
|06-27-2002||APPROVED TO WITHDRAW FROM WRITING ASSOCIATION COVERAGE INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THIS LINE WITHOUT PRIOR APPROVAL UNTIL 06/27/2007.|
|05-22-2000||EFFECTIVE 10/01/1999 COMPANY AND NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS REINSURED THE CENTENNIAL LIFE INSURANCE COMPANY (14376) LENEXA, KANSAS|
|05-04-2000||AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.|
|10-27-1997||REINSURED ONE POLICY OF NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS|
|06-27-1996||ACQUIRED BY NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS.|
|06-20-1996||REDOMESTICATED FROM PHILADELPHIA, PENNSYLVANIA TO HOUSTON, TEXAS BY WAY OF CHARTER AMENDMENT.|
|09-30-1994||PENALTY OF $200,000 FOR NOT PAYING OR ACKNOWLEDGED RECEIPT OF CLAIMS WITHIN 15 DAYS IN CALIFORNIA.|
|12-15-1983||FORMERLY: PHILADELPHIA LIFE INSURANCE COMPANY (04841).|
|09-30-1983||EFFECTIVE 09/30/1983 ALL INDIVIDUAL LIFE INSURANCE, DISABILITY INSURANCE, ANNUITY POLICIES, QUALIFIED PENSION OR PROFIT SHARING PLANS AND RETIRED LIVES RESERVE PLANS REINSURED BY NEW PLI LIFE INSURANCE COMPANY (69400) PHILADELPHIA, PENNSLYVANIA|
|03-23-1978||PHILADELPHIA LIFE INSURANCE COMPANY (66150) PHILADELPHIA, PENNSYLVANIA MERGED INTO NEW PLI LIFE INSURANCE COMPANY (05305) AND IMMEDIATELY CHANGED NAME TO PHILADELPHIA LIFE INSURANCE COMPANY.|
|01-06-1978||GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS|
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.