The Inter-American Insurance Company of Illinois was an insurer licensed to operate in 44 states, the District of Columbia, and the U.S. Virgin Islands. The company accepted reinsurance on ordinary life coverages and offered individual and group life as well as health and annuity policies on a direct basis. Its ordinary life portfolio included universal life and interest-sensitive whole life products.
In October 1991, the company was placed in a period of rehabilitation, and two months later a liquidation order was issued. The state life and health insurance guaranty associations helped arrange for Jackson National Life Insurance Company to assume all the company's policies (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|
Jackson National Life Insurance Company
1 Corporate Way
Lansing, MI. 48951
|April 13, 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: 67210
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: Illinois
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: October 25, 1991
Liquidation Date: December 23, 1991
Estate Closed: September 16, 2003