|
|
|
|
|
|
|
First Capital Life Insurance Company
|
|
Released from Oversight
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Company Overview |
|
| On May 14, 1991, the Superior Court of the State of California for the County of Los Angeles (the "Court") entered an order placing First Capital Life Insurance Company ("First Capital") into conservatorship.
On July 1, 1992, the Court approved a Rehabilitation Plan ("the Plan") for First Capital. The Plan called for Pacific Mutual to establish a subsidiary that would assume the policies of insureds who opted into the Plan, with First Capital retaining liability
to opt-outs, general creditors and shareholders. Pacific Corinthian Life Insurance Company is still based in California. Their contact information can be found below. |
|
| [ Back ] |
|
|
| Policy & Claims Administration |
|
| 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. |
|
|
|
Type of Policy
|
|
Transferred to:
|
|
Transfer Date
|
|
|
|
|
|
|
All
|
|
|
|
December 31, 1992
|
|
|
NOTE: Formed as a subsidiary by Pacific Mutual Life Insurance Company.
|
|
|
|
|
|
|
| [ Back ] |
|
|
| Contact Information |
|
| 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. |
|
|
|
|
| The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company. |
|
| 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. |
|
| [ Back ] |
|
|
| Company Details |
|
|
|
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. |
|
|
| Domiciliary State: |
|
California |
|
|
The domiciliary state is the state in which an insurance company is incorporated or organized. |
|
|
| Rehabilitation Date: |
|
May 14, 1991 |
|
|
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. |
|
|
| Released from Oversight: |
|
June 05, 2003 |
|
|
The released from oversight date is the date that the company is released from Department oversight. This company never went into liquidation. |
|
|
|
| [ Back ] |
|
|
|
|
|
|
|
|
|
|
 |
|
© 2001-2010 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
|
|
|
|
|
|
|
|
|