Company Insolvencies

Old Colony Life Insurance Company | GA

Company Overview

Old Colony Life Insurance Company, an insurer domiciled in Georgia, was placed in rehabilitation in 1992 and in liquidation in 1994. The state life and health insurance guaranty associations helped arrange for Aetna Life Insurance and Annuity Company to assume all of Old Colony’s in force policies in October 1994. Subsequently, ING has assumed responsibility for those policies.

If you have any questions, please contact your state life and health insurance guaranty association.

 

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

Voya Retirement Insurance and Annuity Company
888-238-4840
https://www.voya.com/
Additional Information: AETNA Life Insurance and Annuity Company is now VOYA Retirement Insurance and Annuity Company. Subsidiaries: ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of Denver Insurance Company Customer Service: Tel. 877-886-5050

Oct 20, 1994
Annuity

Voya Retirement Insurance and Annuity Company
800-369-5303
https://www.voya.com/
Additional Information: Aetna Life Insurance and Annuity Company is now Voya. Variable Annuities Contracts Issued by: Voya Insurance and Annuity Company Customer Service and Claims: Tel. 800-366-0066, Fax. 515-698-2034

Oct 30, 1994

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: 65161

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: Georgia

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

Rehabilitation Date: May 21, 1992

Liquidation Date: June 30, 1994

Estate Closed: November 01, 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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