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

PROTECTIVE 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:  Active
Company Status:  Normal Operations
License Number:  68400
NAIC Number:  68136
TDI Company Number:  68400
FEIN:  630169720
Home City/State:  TN
Origin:  Foreign
Date Incorporated/Organized:  07/24/1907
Date Licensed/Eligible/Registered in Texas:  01/01/1908
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  2801 Highway 280 S
 Birmingham AL 35223-2407
Office Number:  (205)268-1000
Toll Free Number:  (800)627-0220
Fax Number:  (205)268-3597

Physical Address:  2801 Highway 280 South
 Birmingham AL 35223
Office Number:  
Toll Free Number:  
Fax Number:  


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, 2014 Dec. 31, 2015 Dec. 31, 2016
Total Assets   $41,231,735,899     $41,809,688,019     $44,644,937,893  
Total Liabilities   $37,732,829,816     $38,027,764,724     $40,408,038,215  
Asset to Liability Ratio   1.09     1.10     1.10  
Capital   $5,000,000     $5,000,000     $5,000,000  
Net Surplus   $3,493,906,083     $3,776,923,294     $4,231,899,677  
Total Life Ins   $492,823,392,000     $508,766,806,000     $607,396,654,000  


Premiums:

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As of: Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016
Life and Annuities   $207,054,265     $218,995,449     $192,095,700  
Accident and Health   $5,690,441     $5,490,738     $4,422,908  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $212,744,706     $224,486,187     $196,518,608  
National Premium   $3,303,514,615     $3,283,155,442     $2,970,233,917  


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, 2015 Dec 31, 2016 Nov 17, 2017
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
10-16-2014 PENALTY OF $25,000 FOR USE OF 46 IMPROPERLY APPOINTED PRODUCERS IN MINNESOTA.
06-27-2014 PENALTY OF $5,000 FOR FAILURE TO IMMEDIATELY REFUND UNEARNED PREMIUM ON SINGLE PREMIUM CREDIT LIFE AND DISABILITY INSURANCE CONTRACTS AS TO CERTAIN INSUREDS WHO PAID OFF THEIR LOANS OR LEASES PRIOR TO THE SCHEDULED PAYOFF OR TERMINATION DATE IN SOUTH DAKOTA.
04-09-2014 PENALTY OF $34,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN CONNECTICUT.
07-13-2012 EFFECTIVE 07/01/2012 UNITED INVESTORS LIFE INSURANCE COMPANY (93876) OMAHA, NEBRASKA MERGED INTO COMPANY.
07-16-2010 PENALTY OF $35,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
05-03-2010 PENALTY OF $2,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MARYLAND.
04-21-2010 PENALTY OF $250 FOR FAILURE TO PROVIDE TIMELY NOTIFICATIONS IN ALASKA.
11-02-2009 PENALTY OF $500 FOR FAILURE TO TIMELY FILE ANNUAL REPORT IN NEVADA.
05-20-2009 PENALTY OF $500 FOR FAILURE TO TIMELY FILE A REPORT IN NEVADA.
05-18-2009 PENALTY OF $900 FOR DELINQUENT PAYMENT OF THE ANTIFRAUD ASSESSMENT IN ARKANSAS.
05-14-2009 PENALTY OF $500 FOR FAILURE TO TIMELY FILE THE 2006 ANNUAL REPORT IN NEVADA.
09-26-2008 PENALTY OF $1,000 FOR FAILURE TO SUBMIT A LIST OF ALL FORMS IN EFFECT CONTAINING SHORTENED LIMITATION OF ACTION CLAUSES OR TO SUBMIT A LETTER CERTIFYING THAT IT HAD NO FORMS IN EFFECT IN MICHIGAN.
05-03-2007 EFFECTIVE 04/01/2007 CHASE INSURANCE LIFE AND ANNUITY COMPANY (28770) ELGIN, ILLINOIS MERGED INTO COMPANY. EFFECTIVE 04/01/2007 CHASE INSURANCE LIFE COMPANY (93330) ELGIN, ILLINOIS MERGED INTO COMPANY.
02-09-2007 EFFECTIVE 01/01/2007 EMPIRE GENERAL LIFE ASSURANCE CORPORATION (93862) BRENTWOOD, TENNESSEE MERGED INTO COMPANY.
12-14-2006 EFFECTIVE 01/01/2007 CHASE LIFE & ANNUITY COMPANY (62870) NEWARK, DELAWARE MERGED INTO COMPANY.
07-24-2006 PENALTY OF $85,400 FOR TEACHING CLASSES WITHOUT A VALID CONTINUING EDUCATION PROVIDER REGISTRATION IN TEXAS.
06-14-2006 APPROVED ACQUISITION OF CHASE LIFE & ANNUITY COMPANY, NEWARK, DELAWARE BY COMPANY, PROTECTIVE LIFE CORPORATION, A DELAWARE CORPORATION AND WEST COAST LIFE INSURANCE COMPANY, OMAHA, NEBRASKA.
05-24-2004 EFFECTIVE 01/01/2004 FIRST VARIABLE LIFE INSURANCE COMPANY (30480) LITTLE ROCK, ARKANSAS MERGED INTO COMPANY.
08-21-2003 MOVED HOME OFFICE FROM NASHVILLE, TENNESSEE TO BRENTWOOD, TENNESSEE.
02-28-2003 PENALTY OF $30,000 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN MASSACHUSETTS.
07-09-2002 EFFECTIVE 07/01/2002 INTER-STATE ASSURANCE COMPANY (43650) WEST DES MOINES, IOWA MERGED INTO COMPANY.
10-08-2001 PENALTY OF $44,400 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN NORTH CAROLINA.
04-18-2000 PENALTY OF $12,500 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN SOUTH DAKOTA.
08-25-1998 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
11-20-1997 PENALTY OF $12,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
07-10-1996 ADDED VARIABLE LIFE INSURANCE.
07-19-1994 EFFECTIVE 03/01/1994 PARTIALLY REINSURED FIDELITY SECURITY LIFE INSURANCE COMPANY (29475) SHAWNEE MISSION, KANSAS.
08-30-1993 PENALTY OF $5,000 FOR ALTERING AN APPROVED FORM AND USING CREDIT RATES WHICH WERE DIFFERENT FROM PRIMA FACIE RATES IN WEST VIRGINIA.
07-13-1993 PENALTY OF $200,000 FOR MARKETING MODIFIED GUARANTEED ANNUITY CONTRACTS WITHOUT PROPER APPROVAL IN CALIFORNIA. PENALTY OF $5,000 FOR FAILURE TO TIMELY FILE RENEWAL AND FEE IN MARYLAND.
03-11-1993 REDOMESTICATED FROM BIRMINGHAM, ALABAMA TO NASHVILLE, TENNESSEE BY WAY OF CHARTER AMENDMENT.
10-05-1992 EFFECTIVE 11/01/1991 CERTAIN DISABILITY INCOME POLICIES REINSURED BY GREAT-WEST LIFE ASSURANCE COMPANY (35950) WINNIPEG, CANADA.
02-28-1992 EFFECTIVE 02/28/1992 EMPLOYERS NATIONAL LIFE INSURANCE COMPANY DALLAS, TEXAS (25970) MERGED INTO COMPANY.
05-17-1991 ADDED VARIABLE ANNUITY AND MODIFIED GUARANTEED ANNUITIES.
01-09-1990 REINSURED UNITED FOUNDERS LIFE INSURANCE COMPANY (86250) OKLAHOMA CITY, OKLAHOMA.
05-24-1988 COLUMBIA NATIONAL LIFE INSURANCE COMPANY (93593) COLUMBUS, OHIO MERGED INTO COMPANY.
10-16-1985 EMPIRE GENERAL LIFE INSURANCE COMPANY (58661) BIRMINGHAM, ALABAMA MERGED INTO COMPANY.
12-12-1980 PARTIALLY REINSURED OLD EQUITY LIFE INSURANCE COMPANY (04722) EVANSTON, ILLINOIS.
04-10-1980 INVESTORS PREFERRED LIFE INSURANCE COMPANY (44220) LITTLE ROCK, ARKANSAS MERGED INTO COMPANY.
01-06-1977 REINSURED NATIONAL INSURANCE COMPANY OF AMERICA (58660) GRAND FORKS, NORTH DAKOTA.
04-01-1976 ASSUMED ALL POLICYHOLDERS OF SEABOARD LIFE INSURANCE COMPANY OF AMERICA (72970) MIAMI, FLORIDA.
01-01-1975 REINSURED EMPIRE LIFE INSURANCE COMPANY OF AMERICA (25365) BIRMINGHAM, ALABAMA.
12-31-1971 REINSURED FARMERS STOCKMEN'S INTERNATIONAL LIFE INSURANCE COMPANY (01242) TOPEKA, KANSAS.
01-01-1908 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.