The Senior Health Insurance Company of Pennsylvania (SHIP), domiciled in Pennsylvania, is running off a closed block of long-term care (LTC) policies. The company’s corporate office is located in Carmel, Indiana, and its administrative office is located in St. Paul, Minnesota.
SHIP previously operated as Conseco Senior Health Insurance Company. From 1997 to 2000, a number of other LTC insurance companies merged into or were acquired by Conseco Senior Health Insurance Company. As a result, SHIP is obligated for the LTC policies of the following companies:• Transport Life Insurance Company • American Travelers Life Insurance Company • United General Life Insurance Company • Continental Life Insurance Company
On January 29, 2020, SHIP was placed in rehabilitation by the order of the Commonwealth Court of Pennsylvania. On April 22, 2020, the Rehabilitator filed an Application for Approval of the Plan of Rehabilitation for SHIP. The Plan was amended twice before the Court approved the Second Amended Rehabilitation Plan on August 25, 2021. Three state insurance regulators filed an appeal of the approval of the Second Amended Rehabilitation Plan with the Pennsylvania Supreme Court, which has not yet ruled on the matter. Implementation of the Second Amended Rehabilitation Plan began (in most states) in January 2022.
Court documents and other information, can be found on SHIP's website: https://www.shipltc.com/about-rehabilitation
NAIC Number: 76325
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: Pennsylvania
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: January 29, 2020