Time Insurance Company | WI
Company Overview
Time Insurance Company, a Wisconsin domiciled life, health, annuity and LTC carrier, was placed in liquidation by order of the Circuit Court of Dane County, Wisconsin, as of September 1, 2022. The company had been in runoff since late 2014 and in rehabilitation since 2020. Mark Femal (Strohm Ballweg) is the Special Deputy Commissioner and Liquidator for the estate.
Policy & Claims Administration
Much of the company’s business was transferred to assuming carriers during the rehabilitation period. In most cases, the assuming companies had reinsured and had already been administering the policies they assumed for some period of time. Contact information for the assuming carriers is included below.
Policies that were not transferred during the rehabilitation period remained with the company as it was placed in liquidation and are being administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. All policyholders were notified and provided with contact information for their state guaranty association. Please contact the company listed below or the guaranty association in your state of residence for more information about your policy.
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 |
|---|---|---|
| Health, Disability |
National Health Insurance Company |
Oct 01, 2020 |
| Disability |
Assurity Life Insurance Company |
Nov 01, 2020 |
| Health (Medicare Supplement) |
Loyal American Life Insurance Company |
Feb 01, 2021 |
| Long Term Care |
John Hancock Life Insurance Company (USA) |
Jul 01, 2022 |
| Life, Annuity |
Talcott Resolution Life and Annuity Insurance Company (Note: Much of the life business is administered by Prudential Insurance Company) |
Jul 01, 2022 |
| Life, Health |
Actuarial Management Resources, Inc. |
Sep 01, 2022 - Jul 31, 2023 |
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.
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: 69477
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: Wisconsin
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: July 29, 2020
Liquidation Date: September 01, 2022