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Confederation Life Insurance Company (CLIC)
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Lansing, Michigan
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| Company Overview |
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| The Confederation Life receiverships began in Canada, Michigan, and Georgia (CLIAC) with rehabilitation orders in August 1994. Confederation Life had one-third of its business in the U.S. and was licensed in all 50 states plus the District of Columbia and Puerto Rico. The business consisted of life/annuities, structured settlements (payout annuities), and guaranteed investment contracts (GICs). Confederation Life in the U.S. was declared insolvent and ordered liquidated in October 1996, and the state life and health insurance guaranty associations helped arrange for its policy obligations to be assumed by a number of companies thereafter. (see below).
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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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Group Life & Health/LTD (Block B)
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October 01, 1997
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Bank Owned Life Insurance (BOLI) Policies
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April 01, 1997
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Corporate Owned Life Insurance (COLI) Policies
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June 01, 1997
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NOTE: Renamed to Pacific Life Insurance Company.
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Life/SPDA (Block A)
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December 31, 1997
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CLIAC - Life Policies
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Lincoln National Life Insurance Company
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350 Church Street
Hartford, CT. 06103 |
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| 800-334-7586 |
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| http://www.lfg.com |
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More
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October 02, 1995
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NOTE: Policies were originally assumed by Aetna. Lincoln National is currently administering the policies assumed by Aetna.
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CLIAC - Annuity Policies
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Lincoln National Life Insurance Company
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1300 South Clinton Street
Fort Wayne, IN. 46802 |
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| 800-454-6265 |
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| http://www.lfg.com/ |
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More
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October 02, 1995
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NOTE: Policies were originally assumed by Aetna. Lincoln National is currently administering the policies assumed by Aetna.
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Payout Annuities
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July 15, 1999
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| [ Back ] |
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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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| Domiciliary State: |
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Michigan |
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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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August 12, 1994 |
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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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August 12, 1994 |
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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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© 2001-2009 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations |
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