Company Insolvencies

National Affiliated Investors Life Insurance Company | LA

Company Overview

National Affiliated Investors Life Insurance Company was an insurer domiciled in Louisiana and licensed to operate in 17 states and the District of Columbia. The company sold a variety of life products along with a flexible premium deferred annuity. In June 1999, the company was ordered into rehabilitation; less than a year later, it was placed in liquidation in June 2000. The state life and health insurance guaranty associations helped arrange for the annuity business to be assumed by two affiliated carriers.

 

Policy & Claims Administration

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
Life and Annuity

Citizens Security Life Insurance Company
12910 Shelbyville Road, Suite 300
Louisville, KY. 40243
800-843-7752
http://www.citizenssecuritylife.com/

Jul 01, 2000
Life and Annuity

United Liberty Life Insurance Company
12910 Shelbyville Road, Suite 300
Louisville, KY. 40253-6149
800-843-7752
http://citizensfinancialcorp.com/
Additional Information: United Liberty Life Insurance Company (“United Liberty”) was merged into Citizens Security effective March 31, 2009. Prior to the merger, United Liberty had been a wholly owned subsidiary of Citizens Security.

Jul 01, 2000

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: 69370

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: Louisiana

The domiciliary state is the state in which an insurance company is incorporated or organized.

Rehabilitation Date: June 07, 1999

Liquidation Date: April 26, 2000

Estate Closed: July 10, 2006

Frequently Asked Questions

What Happens When an Insurance Company Fails?

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General Information about Guaranty Association Coverage

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