Company Insolvencies

Southland National Insurance Corporation | NC

Company Overview

Southland National Insurance Company, domiciled in North Carolina, sold pre-need funeral policies. It is part of the Global Bankers Insurance Group, which in turn is part of a larger group of companies known as Global Growth (formerly known as Eli Global), which is owned by Greg Lindberg. The company was placed in rehabilitation by order of the Superior Court of Wake County, North Carolina, on June 27, 2019.

On May 2, 2023, Southland National was placed into Liquidation.

Continuing administrative services are being provided on behalf of the Guaranty Associations for two separate blocks of Southland National’s insurance policies, including by Southland Benefit Services (SBS) and by Universal Fidelity Life Insurance Company (UFLIC).

More information about Southland National can be found on this website: https://southlandnational.com/

 

Company Details

NAIC Number: 79057

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: North Carolina

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

Rehabilitation Date: June 27, 2019

Liquidation Date: May 02, 2023

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.

The Guaranty Associations have contracted with Universal Fidelity Life Insurance Company (“UFLIC”) and Southland Benefits Solutions (“SBS”) to continue to administer certain SNIC insurance policies.

Type of Policy Company
Effective Date
Policies issued IN Louisiana

Universal Fidelity Life Insurance Company
PO Box 1626
Duncan, OK. 73534-1626
(833) 452-4240

May 02, 2023
Policies issued OUTSIDE Louisiana

Southland Benefit Solutions
PO Box 1520
Tuscaloosa, AL. 35403-1520
(205) 345-7410

May 02, 2023

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