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

GRAMERCY 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:  Texas Receivership (Permanent)
License Number:  93491
License Type:  Fire and Casualty (FC)
NAIC Number:  43265
TDI Company Number:  93491
FEIN:  133002241
Home City/State:  TX
Origin:  Domestic
Date Incorporated/Organized:  10/25/1979
Date Licensed/Eligible/Registered in Texas:  12/17/1979
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  Sdr Ernesto Garza
 P O Box 2077
 San Antonio TX 78297-2077
Office Number:  (210)490-8808
Toll Free Number:  
Fax Number:  (210)764-5548


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   $60,737,626     N/A     N/A  
Total Liabilities   $49,401,330     N/A     N/A  
Asset to Liability Ratio   1.2     N/A     N/A  
Capital   $3,750,000     N/A     N/A  
Net Surplus   $7,586,296     N/A     N/A  
Total Life Ins   N/A     N/A     N/A  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   N/A     N/A     N/A  
Accident and Health   $0     N/A     N/A  
Property and Casualty   $17,915,358     N/A     N/A  
Total Texas Premium   $17,915,358     N/A     N/A  
National Premium   $98,434,208     N/A     N/A  


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 11, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 0 0 0
Homeowner 0 0 0
Automobile 10 10 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities N/A N/A N/A N/A N/A
Accident and Health N/A N/A N/A N/A N/A
Homeowner N/A N/A N/A N/A N/A
Automobile .0481 5.8198 .0000 .0000 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
10-24-2013 CERTIFICATE OF AUTHORITY REVOKED IN VIRGINIA.
09-16-2013 CERTIFICATE OF AUTHORITY REVOKED IN NORTH DAKOTA.
09-04-2013 CERTIFICATE OF AUTHORITY REVOKED IN NEVADA.
08-26-2013 TEXAS RECEIVERSHIP (PERMANENT) (PLACED IN PERMANENT RECEIVERSHIP IN TEXAS. CERTIFICATE OF AUTHORITY AND CHARTER NOT CANCELLED.)
05-02-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN NEBRASKA.
04-15-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN COLORADO.
04-10-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN ARKANSAS.
01-23-2013 CERTIFICATE OF AUTHORITY SUSPENDED FOR 1 YEAR IN IDAHO.
01-22-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN WASHINGTON.
01-18-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN IOWA.
01-16-2013 CERTIFICATE OF AUTHORITY RESTRICTED TO NO NEW OR RENEWAL BUSINESS IN NORTH CAROLINA.
01-14-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN ILLINOIS FOR A PERIOD OF TWO (2) YEARS.
CERTIFICATE OF AUTHORITY SUSPENDED IN OREGON.
01-12-2013 CERTIFICATE OF AUTHORITY SUSPENDED IN WYOMING FOR A PERIOD OF ONE (1) YEAR.
12-24-2012 CERTIFICATE OF AUTHORITY SUSPENDED IN ARIZONA.
12-19-2012 CERTIFICATE OF AUTHORITY SUSPENDED IN NORTH DAKOTA.
12-04-2012 RECEIVERSHIP FOR REHAB (PLACED IN RECEIVERSHIP FOR THE PURPOSE OF REHABILITATION IN TEXAS.)
08-03-2012 PENALTY OF $35,000 FOR VIOLATIONS WITH LOSS CONTROL PROGRAM IN TEXAS.
03-24-2008 PENALTY OF $50,000 FOR MAKING A LOAN TO ONE OF ITS OFFICERS IN TEXAS.
11-14-2006 APPROVED ACQUISITION BY TODD M. CAMPBELL, A GEORGIA RESIDENT.
06-25-2004 ADDED ACCIDENT AND HEALTH INSURANCE.
08-12-2002 PENALTY OF $35,000 FOR VIOLATIONS INCLUDING FAILURE TO MAINTAIN THE MINIMUM CAPITAL AND SURPLUS REQUIREMENTS AS OF 12/31/2000 AND FAILURE TO FILE A REINSURANCE AGREEMENT IN TEXAS.
08-01-2001 PENALTY OF $5,000 FOR FAILURE TO TIMELY FILE ITS 2000 ANNUAL STATEMENT IN TEXAS.
08-31-2000 RELEASE FROM ARTICLE 1.32 ORDER BY CONSENT IN TEXAS.
02-28-2000 ACQUIRED BY BENCHMARK HOLDINGS, INC., A GEORGIA CORPORATION.
11-18-1999 PROPOSED ACQUISITION BY SERVICE LLOYDS INSURANCE COMPANY (93872) AUSTIN, TEXAS. PURSUANT TO TEXAS INSURANCE CODE, ARTICLE 21-49-1, SECTION (5)(C)(4), APPLICANT DID NOT COMPLETE ACQUISITION OF CONTROL.
05-29-1998 AMENDED ARTICLE 1.32 ORDER BY CONSENT IN TEXAS.
05-20-1998 REDOMESTICATED FROM WILMINGTON, DELAWARE TO DALLAS, TEXAS BY WAY OF CHARTER AMENDMENT
10-07-1997 RELEASED FROM ANCILLARY SUPERVISION IN TEXAS. CLOSED RECORDS BECAME OPEN RECORDS.
ARTICLE 1.32 ORDER BY CONSENT ISSUED IN TEXAS.
04-21-1997 PLACED IN ANCILLARY SUPERVISION IN TEXAS. (CLOSED RECORDS)
04-07-1994 ACQUIRED BY HOLT ENTERPRISES, INC., NEW YORK, NEW YORK.
12-31-1991 REDOMESTICATED FROM HOUSTON, TEXAS TO WILMINGTON, DELAWARE BY WAY OF CHARTER AMENDMENT
12-07-1990 DELETED WORKERS' COMPENSATION & EMPLOYERS' LIABILITY INSURANCE.
10-21-1988 CEASE AND DESIST ORDER CANCELLED IN LOUISIANA.
09-23-1988 CEASE AND DESIST ORDER IN LOUISIANA.
06-14-1982 MOVED HOME OFFICE FROM SAN ANTONIO, TEXAS TO HOUSTON, TEXAS.
10-25-1979 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President JOAN F HAMMER
Treasurer LINDA M TOY
Director ERIN L HAMMER
Director HAYDEN S HAMMER
CHIEF OPERATING OFFICER ANTONIO R BARNER
Director JOAN F HAMMER
Director ALAN R BARKOWITZ
Director ANTONIO R BARNER