|Type of Entity:||Authorized Company (AUTH)|
|Status of TX License:||Cancelled|
|Company Status:||Coa Cancelled|
|License Type:||Life (LI)|
|TDI Company Number:||93523|
|Date Licensed/Eligible/Registered in Texas:||04/15/1980|
175 King Street
Armonk NY 10504
|Toll Free Number:||(877)794-7773|
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||N/A||N/A||N/A|
|Total Life Ins||N/A||N/A||N/A|
|As of:||Dec. 31, 2011||Dec. 31, 2012||Dec. 31, 2013|
|Life and Annuities||N/A||N/A||N/A|
|Accident and Health||N/A||N/A||N/A|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||N/A||N/A||N/A|
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||Mar 7, 2014|
|Life and Annuity||0||0||0|
|Accident and Health||0||0||0|
|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|
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.
|12-28-2006||CERTIFICATE OF AUTHORITY CANCELLED.|
|12-27-2006||EFFECTIVE 12/28/2006 MERGED INTO VALLEY FORGE LIFE INSURANCE COMPANY (88200) FORT WAYNE, INDIANA.|
|05-25-2006||PENALTY OF $150,000 FOR TRANSACTING INSURANCE BUSINESS WITHOUT A CERTIFICATE OF AUTHORITY IN MINNESOTA.|
|12-15-2005||EFFECTIVE 12/01/2005 TOTALLY REINSURED PACIFIC LIFE AND ACCIDENT INSURANCE COMPANY (05938) DALLAS, TEXAS.|
|09-10-2003||ARTICLE 1.28, TEXAS INSURANCE CODE, TO CHANGE THE LOCATION OF THEIR BOOKS AND RECORDS OUT OF TEXAS WAS APPROVED|
|06-18-2001||COMPANY AND PACIFIC LIFE AND ACCIDENT INSURANCE COMPANY, DALLAS, TEXAS ACQUIRED BY SW HOLDINGS INC., A DELAWARE CORPORATION.|
|06-13-2001||ARTICLE 1.28, TEXAS INSURANCE CODE, WAS APPROVED TO MOVE THEIR BOOKS AND RECORDS OUT OF TEXAS|
|06-20-2000||EFFECTIVE 06/30/2000 SECURITY LIFE AND TRUST INSURANCE COMPANY DALLAS, TEXAS (43475) MERGED INTO COMPANY|
|04-14-2000||COMPANY, PACIFIC LIFE AND ACCIDENT INSURANCE COMPANY AND SECURITY LIFE AND TRUST INSURANCE COMPANY ACQUIRED BY BERNARD RAPOPORT, INVERNESS MANAGEMENT FUND I, LLC, INVERNESS/PHOENIX CAPITAL, LLC, INVERNESS/PHOENIX PARTNERS, L.P. AND EXECUTIVE CAPITAL PARTNERS I, L.P.|
|02-19-1996||PENALTY OF $9,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN OKLAHOMA.|
|12-12-1995||COMPANY, UNION BANKERS INSURANCE COMPANY, CONSTITUTION LIFE INSURANCE COMPANY AND MARQUETTE NATIONAL LIFE INSURANCE COMPANY ACQUIRED BY SOUTHWESTERN FINANCIAL CORPORAITON, A DELAWARE CORPORATION.|
|12-28-1990||EFFECTIVE 10/01/1990 PARTIALLY REINSURED BY NEW ERA LIFE INSURANCE COMPANY (16550) HOUSTON, TEXAS.|
|10-05-1990||EFFECTIVE 04/01/1990 PARTIALLY REINSURED THE INTEREST SENSITIVE WHOLE LIFE POLLICIES OF UNION BANKERS INSURANCE COMPANY (84950) DALLAS, TEXAS|
|12-31-1989||EFFECTIVE 12/31/1989 REINSURED UNIVERSAL LIFE POLICIES OF MUTUAL SECURITY LIFE INSURANCE COMPANY (57420) FORT WAYNE, INDIANA.|
|12-16-1986||WITHDREW ARTICLE 1.28 APPLICATION AND MOVED BOOKS AND RECORDS BACK TO TEXAS.|
|04-24-1986||ARTICLE 1.28, TEXAS INSURANCE CODE, WAS APPROVED TO MOVE THEIR BOOKS AND RECORDS OUT OF TEXAS|
|03-31-1981||FORMERLY: TENNECO TEXAS LIFE INSURANCE COMPANY HOUSTON, TEXAS. (04743) SOUTHWESTERN LIFE INSURANCE COMPANY (77700) DALLAS, TEXAS MERGED INTO COMPANY|
|02-12-1980||GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS|