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American Western Life Insurance Company
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Salt Lake City, Utah
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| Company Overview |
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| American Western Life Insurance Company, domiciled in Utah, issued predominantly cancelable accident and health policies. The company’s administrative office was in San Mateo, Calif. At the end of 1996, the company also became the risk bearer for a block of accident and health business that was being administered by Professional Administrative Resources (PAR), a third-party administrator in Agoura Hills, Calif. All of the business administered by PAR was located in Arizona.
In June 1997, the company was declared insolvent. All contracts were immediately cancelled with the exception of the accident and health business being administered by PAR, which had a 30-day notice provision by Arizona law. By September 30, 1997, all those policies were cancelled as well.
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| Contact Information |
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| Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The drop-down menu below will take you to your state association's Web site, which provides answers to frequently asked questions and contact information. |
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| The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company. |
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| If you are unsure who to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party. |
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| Company Details |
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An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company. |
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The domiciliary state is the state in which an insurance company is incorporated or organized. |
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| Rehabilitation Date: |
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January 01, 1997 |
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Following the rehabilitation date, the insurance commissioner of the company's domiciliary state initiates a process whereby every attempt is made to help the company regain its financial footing. |
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| Liquidation Date: |
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August 28, 1997 |
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The liquidation date is the date that the state court orders the liquidation of the company. The liquidator is the domestic state insurance commissioner, who appoints a deputy liquidator (also called a special deputy receiver) to marshal the company's assets and pay the claims asserted against the liquidated company according to the state's insurance receivership priority statute. |
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© 2001-2008 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
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