Bankers Commercial Life Insurance Company
Dallas, Texas

Policyholder Information

Company Overview

Bankers Commercial Life (BCL) focused primarily on marketing group accident and individual guaranteed renewable medical and surgical products. There was a shift to marketing Medicare Supplement policies as a primary line of business in 1998. The company was domiciled in Texas and was licensed in Arizona, Colorado, Florida, Louisiana, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, and Utah. BCL’s main office was located in Dallas.

In May 2000, BCL was placed into receivership with a liquidation order issued June 10, 2000. For a number of years, the guaranty associations administered BCL's business through United Teacher Associates Insurance Company (UTA) and later through New Era Life Insurance Company. In 2002, the state life and health insurance guaranty associations helped arrange for Philadelphia American Life Insurance Company to assume all of BCL's business.

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Policy & Claims Administration

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
All
Philadelphia American Life Insurance Company
200 Westlake Park Boulevard, Suite 1200
Houston, TX. 77079-2663
800-713-4680
http://www.neweralife.com
More
September 01, 2002
NOTE: Affiliate of New Era Life Insurance Company.
All
United Teacher Associates Insurance Company
PO Box 26580
Austin , TX. 78755-0580
800-880-8824
http:www.utaic.com
More
February 01, 2000
NOTE: Payment of Claims through TPA
All
New Era Life Insurance Company
200 Westlake Park Blvd., Suite 1200
Houston, TX. 77079-2663
281-368-7289
http://www.neweralife.com
February 01, 2000
NOTE: Payment of Claims through TPA

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Contact Information

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.

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Company Details

NAIC Number: 61220

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: Texas

The domiciliary state is the state in which an insurance company is incorporated or organized.

Rehabilitation Date: May 15, 2000

Liquidation Date: June 19, 2000

Estate Closed: April 07, 2003

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Frequently Asked Questions

Insolvency FAQs

General FAQ's

The Insolvency Process

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