Bankers Commercial Life Insurance Company (Tex.)
Premiums Received from New Era
NOLHGA has received approximately $782,000 from New Era for BCL premium collections covering the period February 1 through May 31, 2002. On June 12, an e-mail message detailing the breakdown of premiums by state and line of business was sent to affected guaranty associations (anyone having difficulty opening the message should contact Paul Peterson at 703.787.4119 or [email protected]). NOLHGA anticipates disbursing the funds within the next week; if you do not receive funds within the next week, please contact Gus Estrada at 703.787.4131 or [email protected].
In addition, NOLHGA recently instructed UTA (United Teacher Associates), the former TPA for the guaranty associations, to remit to NOLHGA approximately $139,000 for miscellaneous funds received by UTA for claims overpayments, duplicate payments, etc., and for the remaining outstanding checks that guaranty associations funded. NOLHGA anticipates receiving the funds in the near future and will then forward the money to the guaranty associations via check, along with reports containing applicable check and claim information. Once completed, this transaction will end all outstanding activity with UTA.
Task Force Chair - William Falck; Staff Contact - Paul Peterson National American Life Insurance Co. of Pennsylvania (Pa.)Disbursements Made to Affected GAs
Disbursements for the recent $8.6 million early access distribution were made this week by NOLHGA to affected guaranty associations via wire transfer and checks. Please contact Gus Estrada (703.787.4131 or [email protected]) if you do not receive your funds within the next week. As a reminder, an e-mail was sent to guaranty associations on June 4 containing a memo detailing the state allocations. Please contact Paul Peterson (703.787.4119 or [email protected]) if you need another copy of the memo.
Task Force Chair - Tad Rhodes; Staff Contact - Paul PetersonLegal Seminar Brochures Mailed
Brochures for NOLHGA's 11th Annual Legal Seminar, which will be held August 15 and 16, 2002, at the Drake Hotel in Chicago, were mailed this week. The brochures contain the seminar program agenda, speaker list, hotel and flight information, and registration form.
The Legal Seminar is being held in conjunction with the next MPC meeting, which is scheduled for August 13 and 14. The guest room rate for those attending either NOLHGA meeting is $181 per night and will be honored on both the weekend before and the weekend following the NOLHGA meetings.
The deadline for seminar registration and hotel reservations is July 10. To make reservations, call the Drake Hotel at 312.787.2200; be sure to mention "NOLHGA" (or use the organization's full name) to ensure the NOLHGA room rate. If you have any questions, please contact Meg Melusen at 703.787.4130 or [email protected].
Staff Contact -Web Site Survey Sent to GAs
A survey developed by the Administrators' Education Steering Committee was e-mailed to guaranty association administrators on June 6 to gauge their interest in a series of small workshops on the NOLHGA Web site (www.nolhga.com). If enough respondents express interest in the workshops, they will be scheduled in conjunction with the next MPC meeting, which will take place August 13 and 14 at the Drake Hotel in Chicago.
The surveys should be returned to Holly Wilding ([email protected]; fax: 703.481.5209) by Thursday, June 20. Any administrators who did not receive a survey or who need a new one should contact Wilding at 703.787.4111.
Staff Contact -S.C. GA Unveils New Web Site
The South Carolina Life, Accident & Health Insurance Guaranty Association’s new Web site, which can be found at www.sclifega.org, is up and running. Visitors to the site can find information on the status of insolvencies affecting South Carolina’s policyholders as well as a Frequently Asked Questions (FAQ) page that explains the guaranty association system and South Carolina’s laws and provisions.
Staff Contact - Sean McKenna