Andrew Jackson Life Insurance Company, domiciled in Mississippi was licensed in ten Southern states: Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. The company started out in the ordinary life business and expanded to individual annuities and interest sensitive products, as well as accident and health indemnity coverages.
By year-end 1986, the company had reinsured 28% of their total life insurance in force. It was placed into liquidation in early 1993. Several months later in August 1993, state life and health insurance guaranty associations helped arrange for Central Security Life Insurance Company to assume the company's policyholder obligations.
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|
Central Security Life Insurance Company
P.O. Box 833879
Richardson, TX. 75083-3879
|Aug 27, 1993|
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: 60968
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: Mississippi
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: February 10, 1992
Liquidation Date: March 26, 1993