During 2000, Reliance Insurance Company merged all of its subsidiaries (Reliance National Indemnity Company, Reliance National Insurance Company, United Pacific Insurance Company, Reliance Direct Company, Reliance Surety Company, Reliance Universal Insurance, United Pacific Insurance Company of New York, and Reliance Insurance Company of Illinois) into Reliance Insurance Company. In addition, Reliance executed a coinsurance agreement with Combined Insurance Company of America for essentially all of its accident and health business. In 2001, Reliance was placed in rehabilitation and then liquidation by the Pennsylvania court.
The state life and health insurance guaranty associations arranged for the payment of claims. They also helped arrange for Madison National Life Insurance Company to assume certain disability income obligations in 2005.
If you have any questions, please contact your state, life and health insurance guaranty association.
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||Company||Effective Date|
Madison National Life Insurance Company, Inc.
P.O. Box 5008
Madison, WI. 53705
|September 01, 2005|
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 whom to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party.
NAIC Number: 24457
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: Pennsylvania
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: May 29, 2001
Liquidation Date: October 03, 2001