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Company Details
Merit Life Insurance Co. License Status :
Active
NAIC Number :
65951
Phone Number:
8336374854
Company Address:
1900 South Blvd, Suite 300
Charlotte, NC 28203
Description:
Life and Health
License Number:
A419750
Date Admitted:
1963-09-05
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Life | 0.00% | $4,971 | $0 | $24,582 | $0 | N/A |
| 2023 | Total Individual Life | 0.00% | $4,971 | $0 | $24,582 | $0 | N/A |
| 2023 | Individual Whole Life | 0.00% | $4,575 | $0 | $21,208 | $0 | N/A |
| 2023 | Individual Term Life | 0.00% | $396 | $0 | $3,374 | $0 | N/A |
| 2022 | Total Accident & Health | 0.00% | $0 | $56 | $0 | $-2,968 | -5,300.00 % |
| 2022 | Total Group Accident & Health | 0.00% | $0 | $56 | $0 | $-2,968 | -5,300.00 % |
| 2022 | Group Short Term Credit Disability | 0.00% | $0 | $56 | $0 | $-2,968 | -5,300.00 % |
| 2022 | Total Life | 0.00% | $5,526 | $0 | $64,161 | $0 | N/A |
| 2022 | Total Individual Life | 0.00% | $6,039 | $0 | $60,417 | $0 | N/A |
| 2022 | Individual Term Life | 0.00% | $6,039 | $0 | $60,417 | $0 | N/A |
| 2022 | Total Group Life | 0.00% | $-513 | $0 | $3,744 | $0 | N/A |
| 2022 | Group Credit Life | -0.01% | $-513 | $0 | $3,744 | $0 | N/A |
| 2021 | Total Accident & Health | 0.00% | $-308 | $2,841 | $13,443 | $-3,914 | -137.77 % |
| 2021 | Total Individual Accident & Health | 0.00% | $-135 | $-135 | $0 | $0 | N/A |
| 2021 | Individual Accident Only | 0.00% | $-135 | $-135 | $0 | $0 | N/A |
| 2021 | Total Group Accident & Health | 0.00% | $-173 | $2,976 | $13,443 | $-3,914 | -131.52 % |
| 2021 | Group Short Term Credit Disability | 0.00% | $-173 | $2,976 | $13,443 | $-3,914 | -131.52 % |
| 2021 | Total Life | 0.00% | $-4,650 | $0 | $55,573 | $0 | N/A |
| 2021 | Total Individual Life | 0.00% | $7,490 | $0 | $28,172 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $7,490 | $0 | $28,172 | $0 | N/A |
| 2021 | Total Group Life | 0.00% | $-12,140 | $0 | $27,401 | $0 | N/A |
| 2021 | Group Credit Life | -0.11% | $-12,140 | $0 | $27,401 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Life and Annuities | 0.00% | 0 | 0 |
Company Changes
Effective Date: 03/12/2019
Comments: Effective 3/12/2019 the above company redomesticated from Indiana to Texas.
Effective Date: 05/08/2023
Comments: Effective 05/08/2023 the above company redomesticated from Texas to Oklahoma and was issued a new Certificate of Authority reflecting this change on 10/27/2023. They also updated their Statutory Home Office Address.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.