On May 14, 1991, the Superior Court of the State of California for the County of Los Angeles (the "Court") entered an order placing First Capital Life Insurance Company ("First Capital") into conservatorship.
On July 1, 1992, the Court approved a Rehabilitation Plan ("the Plan") for First Capital. The Plan called for Pacific Mutual to establish a subsidiary that would assume the policies of insureds who opted into the Plan, with First Capital retaining liability to opt-outs, general creditors and shareholders. Pacific Corinthian Life Insurance Company is still based in California. Their contact information can be found below.
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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|
|December 31, 1992|
|NOTE: Formed as a subsidiary by Pacific Mutual Life Insurance Company. Renamed Pacific Life Insurance Company.|
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NAIC Number: 65447
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: May 14, 1991
Estate Closed: July 02, 2002
Released from Oversight: June 05, 2003
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