Company Insolvencies

States General Life Insurance Company | TX

Company Overview

States General Life Insurance Company (“States General”) was a Texas domiciled company licensed in 25 states. States General became insolvent and was placed in liquidation by order dated March 9, 2005. The company’s in-force business consisted of a variety of major medical policies, a block of Medicare Supplement business, and group association business that included some dental policies. New Era Life Insurance Company assumed the Medicare Supplement policies as of April 1, 2005, and assumed the major medical policies as of July 1, 2005. The group dental policies were non-renewed on June 30, 2005, and the remaining group association business was terminated by the group associations as of the liquidation order date.

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

Sagicor Life Insurance Company
8660 E Hartford Drive Suite 200
Scottsdale, AZ. 20171
888.724.4267
https://www.sagicor.com
Additional Information: As of March 9, 2006, American Founders Life changed its name to Sagicor Life Insurance Company.

Apr 01, 2006
Health Policies: Medicare Supplement

New Era Life Insurance Company
P.O. Box 4884
Houston, TX. 77210-4884
800-552-7879
http://www.neweralife.com

Apr 01, 2005
Major Medical

New Era Life Insurance Company
P.O. Box 4884
Houston, TX. 77210-4884
800-552-7879
http://www.neweralife.com

Jul 01, 2005

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: 69175

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: Texas

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

Rehabilitation Date: January 14, 2005

Liquidation Date: March 09, 2005

Estate Closed: October 18, 2010

Frequently Asked Questions

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