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Bankers Commercial Life Insurance Company
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Dallas, Texas
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| Company Overview |
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| Bankers Commercial Life (BCL) focused primarily on marketing group accident and individual guaranteed renewable medical and surgical products. There was a shift to marketing Medicare Supplement policies as a primary line of business in 1998. The company was domiciled in Texas and was licensed in Arizona, Colorado, Florida, Louisiana, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, and Utah. BCL’s main office was located in Dallas.
In May 2000, BCL was placed into receivership with a liquidation order issued June 10, 2000. For a number of years, the guaranty associations administered BCL's business through United Teacher Associates Insurance Company (UTA) and later through New Era Life Insurance Company. In 2002, the state life and health insurance guaranty associations helped arrange for Philadelphia American Life Insurance Company to assume all of BCL's business.
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| Policy & Claims Administration |
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| Policies of an insolvent company are often transferred to a financially sound insurance company. If policies are not transferred to another company, the policies are continued and claims administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. Please contact the company/TPA listed below or the guaranty association in your state of residence for more information about your policy. |
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Type of Policy
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Transferred to:
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Transfer Date
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Philadelphia American Life Insurance Company
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200 Westlake Park Boulevard, Suite 1200
Houston, TX. 77079-2663 |
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| 800-713-4680 |
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| http://www.neweralife.com |
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More
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September 01, 2002
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NOTE: Affiliate of New Era Life Insurance Company.
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United Teacher Associates Insurance Company
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PO Box 26580
Austin , TX. 78755-0580 |
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| 800-880-8824 |
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| http:www.utaic.com |
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More
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February 01, 2000
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NOTE: Payment of Claims through TPA
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February 01, 2000
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NOTE: Payment of Claims through TPA
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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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May 15, 2000 |
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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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June 19, 2000 |
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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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| Estate Closed: |
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April 07, 2003 |
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The estate closed date is the date that the court orders a close to the estate. No futher costs and recoveries other than minor amounts are anticipated. |
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© 2001-2008 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
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