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Impairments & Insolvencies
Below is a partial list of companies that have been taken over by state insurance departments (“placed in receivership”) since NOLHGA’s creation in 1983. The list includes impairments (those companies that have been taken over but have not gone out of business—also known as companies in rehabilitation), which appear with an asterisk next to the name, and insolvencies (those companies that have been closed or “liquidated” by the insurance department). For more information, click on the underlined company name.

This section only lists cases in which NOLHGA has participated—NOLHGA usually becomes involved when policyholders in more than three states are affected by an impairment or insolvency. If you are interested in a company that does not appear on the list, please contact your state life & health insurance guaranty association or insurance department.

Year Company State Licenses
1994 Alabama Life Insurance Company AL 1
2000 American Chambers Life Insurance Company OH 38
1994 American Educators Life Insurance Company AL 3
1993 American Integrity Insurance Company PA 49
1997 American Life Assurance Corporation AL 6
1998 American Standard Life & Accident Insurance Company OK 24
1997 American Western Life Insurance Company UT 18
1992 AMS Life Insurance Company AZ 5
1993 Andrew Jackson Life Insurance Company MS 11
2000 Bankers Commercial Life Insurance Company TX 13
2007 Benicorp Insurance Company IN 28
1998 Centennial Life Insurance Company KS 49
1996 Coastal States Life Insurance Company GA 26
1994 Confederation Life Insurance Company (CLIC) MI 51
1994 Consolidated National Life Insurance Company IN 13
1994 Consumers United Insurance Company DE 41
1992 Diamond Benefits Life Insurance Company/Life Assurance Company of Pennsylvania AZ 52
1994 EBL Life Insurance Company PA 1
1991 Executive Life Insurance Company CA 47
1999 Family Guaranty Life Insurance Company MS 1
2000 Farmers and Ranchers Life Insurance Company OK 1
1992 Fidelity Bankers Life Insurance Company VA 44
1992 Fidelity Mutual Life Insurance Company * PA 48
1997 First National Life Insurance Company AL 28
1999 First National Life Insurance Company of America MS 31
1999 Franklin American Life Insurance Company TN 14
1999 Franklin Protective Life Insurance Company MS 8
1991 George Washington Life Insurance Company WV 17
1992 Guarantee Security Life Insurance Company FL 40
1991 Inter-American Insurance Company of Illinois IL 48
1999 International Financial Services Life Insurance Company MO 41
1993 Investment Life Insurance Company of America NC 36
1994 Kentucky Central Life Insurance Company KY 50
2003 Legion Insurance Company PA 51
2004 Life & Health Insurance Company of America PA 28
2004 London Pacific Life & Annuity Company NC 42
1997 Mid-Continent Life Insurance Company * OK 37
1991 Midwest Life Insurance Company LA 29
1994 Monarch Life Insurance Company * MA 52
1993 Mutual Benefit Life Insurance Company NJ 52
1991 Mutual Security Life Insurance Company IN 43
2000 National Affiliated Investors Life Insurance Company LA 18
1996 National American Life Insurance Co of Pennsylvania PA 50
1995 National Heritage Life Insurance Company DE 23
1993 New Jersey Life Insurance Company NJ 49
1994 Old Colony Life Insurance Company GA 34
1992 Old Faithful Life Insurance Company WY 10
2004 Old Southwest Life Insurance Company AR 1
2004 Old Standard Life Insurance Company * ID 8
2004 Old West Annuity & Life Insurance Company * AZ 7
1994 Pacific Standard Life Insurance Company CA 42
2001 Reliance Insurance Company PA 49
1999 Settlers Life Insurance Company * VA 17
2005 States General Life Insurance Company TX 25
1999 Statesman National Life Insurance Company TX 32
1994 Summit National Life Insurance Company PA 44
1995 Supreme Life Insurance Company of America IL 10
1993 Unison International Life Insurance Company OK 15
1994 United Republic Life Insurance Company UT 35
1998 Universe Life Insurance Company ID 25
2003 Villanova Insurance Company PA 46
2004 Western United Life Assurance Co. * WA 16
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Impairments & Insolvencies
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