Senior American Insurance Company (SAIC) and AF&L are affiliated P&C companies domiciled in Pennsylvania. The companies have been operating in supervised runoff and have written no new business since 2005. Liquidation petitions for both companies were filed in the Commonwealth Court of Pennsylvania in April 2018 but were stayed. In recent months, SAIC consented to liquidation and on July 31, 2019, the Pennsylvania Insurance Department filed an amended Petition of Liquidation, including as an attachment the proposed consent order providing for a September 3 effective date. The Order of Liquidation was filed on August 15, 2019.
AF&L had been administering all SAIC business. The task force has arranged for AF&L to continue to service the SAIC policies on behalf of the affected guaranty associations.
NAIC Number: 76759
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: February 28, 2005
Liquidation Date: September 03, 2019
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.