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Regulatory Actions for July 2003
Legal action - agents, agencies, brokers, companies
- Brian J. Kitrel, Arnold, MO, producer license refused for convictions relating to stealing and bad checks.
- Baltimore Life Insurance Co., Owings Mills, MD, $1,000 forfeiture for inaccurate data filing.
- Kansas City Life Insurance Co. of KC, Kansas City, MO, acquired 100% of the capital stock of GuideOne Life Insurance Co., Des Moines, IA.
- Phoenix Title Co., St. Charles, MO, $2,250 forfeiture for demonstrating lack of compentancy.
Financial Exams
- Aetna Health Inc., (Missouri), Blue Bell, PA.
Market Conduct Exams
- First Guard Health Plan
Kansas City, MO
Forfeiture: $37,650
Company Changes
- Abraham Lincoln Insurance Co., Springfield, IL, merged with Universal Guaranty Life Insurance Co.
- Acceptance Insurance Co., Bluffs, IA, was removed from the approved reinsurer list.
- Aetna Inc., Fairfield, NJ, withdrew as a third party administrator (TPA).
- Appalachian Life Insurance Co., Springfield, IL, merged with Universal Guaranty Life Insurance Co.
- Ausa Life Insurance Co., Purchase, NY, changed its name to Transamerica Financial Life Insurance Co.
- Childrens Mercy Family Health Partners Inc., Kansas City, MO withdrew as a TPA.
- Connecticut Specialty Insurance Co., Alparetta, GA, changed its name to AXIS Specialty Insurance Co.
- Fidelity Excess & Surplus Insurance Co., Richmond, VA, changed its name to James River Insurance Co.
- Jamestown Insurance Co. RRG, Charleston, SC, was registered as a risk retention group.
- Insurance Corp. of New York, New York, NY, withdrew as a TPA.
- Insurance Management Associates, Inc., Wichita, KS, withdrew as a TPA.
- John P. Pearl & Associates Ltd., Peoria, IL, changed its name to Pearl & Associates Ltd.
- Legion Insurance Co., Philadelphia, PA, certificate of authority was revoked.
- Ministers Life Insurance Co., St. Paul, MN, changed its name to Securian Life Insurance Co.
- Mynd Corporation f/k/a Financial Administrative Services Inc., Kansas City, MO, withdrew as a TPA.
- New Era Life Insurance Co. of the Midwest, Houston, TX, redomesticated from Indiana to Texas.
- Northbrook Property and Casualty Co., Purchase, NY, changed its name to St. Paul Protective Insurance Co.
- Northwestern National Casualty Co., Trenton, NJ, merged with Highlands Insurance Co.
- Prudential Health Care Plan, Inc., Hartford, CT, changed its name to AET Health Care Plan, Inc.
- Republic Vanguard Life Insurance Co., Addison, TX, changed its name to Scor Life Insurance Co.
- Sheffield Insurance Co., Alparetta, GA, changed its name to AXIS Surplus Insurance Co.
- Verlan Fire Insurance Co., Silver Spring, MD, was admitted with property and liability authority.
- Wausau General Insurance Co., Wausau, WI, withdrew as approved surplus lines company.