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States General Life Insurance Company
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Fort Worth, Texas
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| Company Overview |
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| States General Life Insurance Company ("States General") was a Texas domiciled company licensed in 25 states. States General became insolvent and was placed in liquidation by order dated March 9, 2005. The company’s in-force business consisted of a variety of major medical policies, a block of Medicare Supplement business, and group association business that included some dental policies. New Era Life Insurance Company assumed the Medicare Supplement policies as of April 1, 2005, and assumed the major medical policies as of July 1, 2005. The group dental policies were non-renewed on June 30, 2005, and the remaining group association business was terminated by the group associations as of the liquidation order date.
If you have any questions, please contact your state life and health insurance guaranty association.
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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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Life
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April 01, 2006
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NOTE: As of March 9, 2006, AFL has changed its name to Sagicor Life Insurance Company, in the state of Texas. The new name is pending approval in the other states licensed in.
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Health Policies: Medicare Supplement
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April 01, 2005
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Major Medical
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July 01, 2005
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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 14, 2005 |
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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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March 09, 2005 |
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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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