Executive Life Insurance Company (ELIC) was a large issuer of life insurance, structured settlement annuities, group annuities, and guaranteed investment contracts (GICs) issued to pension plans and municipalities. A conservation order was issued for ELIC on April 11, 1991, and a liquidation order was entered on December 6, 1991. Most of the company's policies were assumed by Aurora National Life Insurance Company in 1993 (see below).
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|
Aurora National Life Assurance Company
P.O. Box 4490
Hartford, CT. 06147-4490
|Sep 03, 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: 63010
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: California
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: April 11, 1991
Liquidation Date: December 06, 1991