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Standard Life Insurance Company of Indiana
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In Rehabilitation
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| Company Overview |
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| Standard Life Insurance Company of Indiana, since its acquisition by a new owner in 2005, wrote primarily annuity business, both with life contingencies and without. It was licensed in all states, except New York and New Jersey, plus DC. It was placed in rehabilitation on December 18, 2008 by the state court in Indianapolis. At the Rehabilitator's request, the court ordered a 6-month moratorium on loans and surrenders.
The Rehabilitator is in the process of analyzing the situation to see if a rehabilitation plan can be proposed. It is anticipated that the Rehabilitator will propose a formal hardship plan to be in effect during the moratorium period.
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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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| All policyholder calls should be directed to the company (800-222-3216) or to the Indiana Department of Insurance (866-811-8807). |
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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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| Domiciliary State: |
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Indiana |
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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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December 18, 2008 |
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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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© 2001-2009 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
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