|Type of Entity:||Life, Health, or Accident (LI)|
|Status of TX License:||Active|
|Company Status:||Normal Operations|
|TDI Company Number:||93566|
|Date Licensed/Eligible/Registered in Texas:||09/03/1980|
3200 Highland Avenue
Downers Grove IL 60515
|Toll Free Number:||(800)445-1425|
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, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Asset to Liability Ratio||1.8||1.9||2.0|
|Total Life Ins||$83,031,000||$73,064,000||$67,446,000|
|As of:||Dec. 31, 2013||Dec. 31, 2014||Dec. 31, 2015|
|Life and Annuities||$10,460||$5,558||$2,240|
|Accident and Health||$102,074,517||$96,898,251||$73,122,729|
|Property and Casualty||N/A||N/A||N/A|
|Total Texas Premium||$102,084,977||$96,903,809||$73,124,969|
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||Jul 15, 2016|
|Life and Annuity||0||0||0|
|Accident and Health||0||1||0|
|Life and Annuities||.0000||.0000||.0000||.0000||N/A|
|Accident and Health||.0000||.0000||.0021||.7292||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.
|11-24-2015||Effective 12/31/2015, Cambridge Life Insurance Company, a Missouri Life Insurance Company (not licensed in Texas), approved to merge into company.|
|11-02-2015||PENALTY OF $20,000 PAID BY COMPANY AND COVENTRY HEALTH AND LIFE INSURANCE COMPANY FOR USE OF UNLICENSED AGENTS, FAILING TO APPOINT PRODUCERS WITHIN REQUIRED TIMEFRAME, AND PAYING COMMISSIONS TO UNLICENSED AND UNAPPOINTED PRODUCERS IN SOUTH DAKOTA.|
|01-11-2013||APPROVED ACQUISITION OF COMPANY, MHNET LIFE & HEALTH INSURANCE COMPANY (96068) AND COVENTRY HEALTHCARE OF TEXAS, INC. (96544) BY AETNA INC., A CONNECTICUT CORPORATION.|
|12-02-2010||ARTICLE 1.28, TEXAS INSURANCE CODE, TO CHANGE THE LOCATION OF THEIR BOOKS AND RECORDS OUT OF TEXAS WAS APPROVED.|
|07-02-2009||APPROVED TO WITHDRAW FROM WRITING SMALL EMPLOYER COVERAGE INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THIS LINE WITHOUT PRIOR APPROVAL UNTIL 070/2/2014.|
|12-30-2008||EFFECTIVE 12/31/2008 AMERICAN LIFE AND HEALTH INSURANCE COMPANY, JEFFERSON CITY, MISSOURI NOT LICENSED IN TEXAS MERGED INTO COMPANY|
|01-06-2006||EFFECTIVE 03/01/2006 REINSURED DIRECT ISSUED INSURED POLICIES AND CERTIFICATES PROVIDING SMALL EMPLOYER GROUP LIFE, HEALTH, AD&D AND DISABILITY INSURANCE OF METROPOLITAN LIFE INSURANCE COMPANY (53950) NEW YORK CITY, NEW YORK AND NEW ENGLAND LIFE INSURANCE COMPANY (93792) BOSTON, MASSACHUSETTS.|
|12-16-2004||APPROVED ACQUISITION BY COVENTRY HEALTH CARE, INC., A DELAWARE CORPORATION.|
|01-12-2000||ARTICLE 1.28, TEXAS INSURANCE CODE, TO CHANGE THE LOCATION OF THEIR BOOKS AND RECORDS OUT OF TEXAS WAS APPROVED|
|09-09-1998||FORMERLY: LOYALTY LIFE INSURANCE COMPANY MOVED HOME OFFICE FROM DALLAS, TEXAS TO IRVING, TEXAS.|
|11-07-1997||EFFECTIVE 09/30/1997 REINSURED BY NATIONAL FARMERS UNION LIFE INSURANCE COMPANY (58200) DALLAS, TEXAS.|
|09-15-1997||RISKS, LIABILITIES AND OBLIGATIONS REINSURED BY OHIO STATE LIFE INSURANCE COMPANY (63000) COLUMBUS, OHIO.|
|09-10-1997||RISKS, LIABILITIES AND OBLIGATIONS REINSURED BY COLLEGE LIFE INSURANCE COMPANY OF AMERICA, THE (17450) DALLAS, TEXAS AND BY GREAT SOUTHERN LIFE INSURANCE COMPANY (93475) DALLAS, TEXAS.|
|08-28-1997||ACQUIRED BY HEALTHCARE COMPARE CORP., A DELAWARE CORPORATION.|
|08-21-1992||ARTICLE 1.28, TEXAS INSURANCE CODE, WAS APPROVED TO MOVE THEIR BOOKS AND RECORDS OUT OF TEXAS|
|04-27-1992||REDOMESTICATED FROM JACKSONVILLE, FLORIDA TO DALLAS, TEXAS BY WAY OF CHARTER AMENDMENT|
|03-11-1992||EFFECTIVE 12/01/1989 PARTIALLY REINSURED INTEGRATED RESOURCES LIFE INSURANCE COMPANY (37220) WEST DES MOINES, IOWA.|
|03-28-1989||REDOMESTICATED FROM SOUTHFIELD, MICHIGAN TO JACKSONVILLE, FLORIDA BY WAY OF CHARTER AMENDMENT|
|10-26-1981||REINSURED BUSINESS FROM NATIONAL LIFE ASSURANCE COMPANY OF CANADA (58830) TORONTO, ONTARIO, CANADA|
|12-29-1978||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.