Company Insolvencies

Legion Insurance Company | PA

Company Overview

Legion Insurance Company and Villanova Insurance Company (Legion/Villanova) were primarily engaged in property and casualty insurance, with health insurance representing a small proportion of their total business. Legion/Villanova belonged to a family of companies under Mutual Risk Management (MRM), a Bermuda-based holding company. In April 2002, the Pennsylvania Department of Insurance placed Legion/Villanova into rehabilitation. Both companies were placed into liquidation in July 2003. All health policies were cancelled where applicable and guaranty associations paid off all outstanding covered obligations.

 

Contact Information

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 button below will take you to a page where you can search for your state association's Web site, which provides answers to frequently asked questions and contact information.

Find Your State Association

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.

Company Details

NAIC Number: 24422

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: March 28, 2002

Liquidation Date: July 28, 2003

Estate Closed: October 01, 2019

Frequently Asked Questions

What Happens When an Insurance Company Fails?

Read More


General Information about Guaranty Association Coverage

Read More

© 2001-2025 All Rights Reserved | Terms Of Use | Site Help