National States, a Missouri domestic, was licensed in 37 states and wrote life, accident and health, long-term care (LTC) and Medicare Supplement policies. On April 1, 2010, the company was placed into Rehabilitation based on hazardous conditions. The Board of Directors of National States consented to the rehabilitation order. Missouri Director of Insurance, John Huff, was appointed receiver.
On October 8, 2010, the court entered an order approving an assumption agreement of all Medicare Supplement business effective September 1, 2010, with Oxford Life/North American Life and reducing agents' commissions by 25%. On November 15, 2010, the court entered an order of liquidation against National States and approved a Service Agreement and an Early Access Agreement between the liquidator and NOLHGA. The deadline for filing proofs of claim with the liquidator is November 15, 2011.
On February 16, 2012, an assumption agreement with Family Life Insurance Company closed. The transaction transfers all of National States in-force life business to Family Life effective October 1, 2011.
NAIC Number: 60593
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: Missouri
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: April 01, 2010
Liquidation Date: November 15, 2010
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.
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|
Family Life Insurance Company
10777 Northwest Freeway
Houston, TX. 77092
|April 01, 2012|
|Life and Health (LTC)||
161 Worcester Road
Framingham, MA. 01701
|January 01, 2017|
|Life and Health||
Receiver Acting as TPA
314.878.0101 ext 143
|November 12, 2010|