On May 18, 2020, Wisconsin Insurance Commissioner Mark Afable filed a petition with the Circuit Court of Dane County, Wisconsin, requesting an order to place Time Insurance Company—a life, health, annuity, and LTC carrier that had been in runoff since late 2014—into rehabilitation. Mark Femal (Strohm Ballweg) is the Special Deputy Commissioner for Rehabilitation.
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: 69477
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: Wisconsin
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: May 18, 2020