|
|
|
|
|
|
|
Mutual Security Life Insurance Company
|
|
Fort Wayne, Indiana
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Company Overview |
|
| Mutual Security Life Insurance Company, an insurer domiciled in Indiana, was licensed to operate in the District of Columbia and in all states except Hawaii, New York, Rhode Island, and Vermont. The company offered life insurance, individual and group annuity contracts, personal accident and hospital and medical expense coverages, and a universal life product.
Mutual Security was placed in rehabilitation in October 1990, with an order of liquidation issued a year later. By 1994, the state life and health insurance guaranty associations helped arrange for all of the company's business to be assumed by a number of assuming insurers.
If you have any questions, please contact your state life and health insurance guaranty association. |
|
| [ 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
|
|
|
|
|
|
|
Annuity
|
|
|
The MEGA Life and Health Insurance Company
|
|
|
PO Box 548801
Oklahoma City, OK. 73154 |
|
|
| 800-725-7887 |
|
|
|
More
|
|
|
February 08, 1993
|
|
|
|
|
|
A & H
|
|
|
|
June 10, 1993
|
|
|
|
|
|
Supplemental annuities
|
|
|
|
November 30, 1994
|
|
|
NOTE: P.O. Box 5085 Hartford, CT 06102-5085; 800-862-6668
|
|
|
|
|
|
|
Traditional and term life insurance
|
|
|
American United Life Insurance Company
|
|
|
One American Square P.O. Box 3123
Indianapolis, IN. 46206-0368 |
|
|
| 800-537-6442 (individual policies) 800-553-5318 (group policies) |
|
|
|
|
| http://www.aul.com/indexL.jsp |
|
|
|
More
|
|
|
September 24, 1992
|
|
|
|
|
|
Cancer
|
|
|
|
June 10, 1993
|
|
|
|
|
|
Int. sensitive life
|
|
|
The MEGA Life and Health Insurance Company
|
|
|
PO Box 548801
Oklahoma City, OK. 73154 |
|
|
| 800-725-7887 |
|
|
|
More
|
|
|
November 05, 1993
|
|
|
|
|
|
| [ 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: |
|
Indiana |
|
|
The domiciliary state is the state in which an insurance company is incorporated or organized. |
|
|
| Rehabilitation Date: |
|
October 05, 1990 |
|
|
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. |
|
|
| Liquidation Date: |
|
December 06, 1991 |
|
|
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. |
|
|
| Estate Closed: |
|
July 29, 2005 |
|
|
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. |
|
|
|
| [ Back ] |
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
© 2001-2008 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
|
|
|
|
|
|
|
|
|