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Company Details

  SILAC INSURANCE COMPANY License Status :
Active

NAIC Number :

62952


Phone Number:

8015793400


Company Address:

299 S. Main Street, Suite 1100 
Salt Lake City, UT  84111

Description:

Life and Health


License Number:

A423269


Date Admitted:

1973-12-31


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
2022 Total Accident & Health 0.01% $6,068,397 $6,223,327 $7,828,399 $7,934,891 N/A
2022 Total Individual Accident & Health 0.03% $6,068,397 $6,223,327 $7,828,399 $7,934,891 N/A
2022 Individual Medicare Supplement 0.04% $1,089,895 $1,126,148 $804,893 $772,416 68.59 %
2022 Individual Long Term Care 0.91% $4,405,265 $4,515,589 $6,692,833 $6,828,640 N/A
2022 Individual Specified Disease 0.01% $48,562 $49,514 $10,814 $11,115 22.45 %
2022 Individual Limited Benefit 0.09% $524,675 $532,076 $319,859 $322,720 60.65 %
2022 Total Life 0.09% $36,822,136 $0 $6,786,051 $0 N/A
2022 Total Individual Life 0.15% $36,822,136 $0 $6,786,051 $0 N/A
2022 Individual Whole Life 0.03% $468,894 $0 $3,268,252 $0 N/A
2022 Individual Ordinary Annuities 0.89% $34,651,312 $0 $3,517,799 $0 N/A
2022 Individual Deposit-Type Funds 0.16% $1,701,930 $0 $0 $0 N/A
2021 Total Accident & Health 0.01% $6,895,221 $7,119,455 $8,215,223 $8,085,077 N/A
2021 Total Individual Accident & Health 0.03% $6,895,221 $7,119,455 $8,215,223 $8,085,077 N/A
2021 Individual Medicare Supplement 0.04% $1,370,769 $1,396,519 $860,452 $814,107 58.30 %
2021 Individual Long Term Care 0.95% $4,871,946 $5,057,019 $7,148,706 $7,067,937 N/A
2021 Individual Specified Disease 0.01% $55,609 $56,116 $6,335 $3,893 6.94 %
2021 Individual Limited Benefit 0.20% $596,897 $609,801 $199,730 $199,140 32.66 %
2021 Total Life 0.16% $56,565,904 $0 $4,598,778 $0 N/A
2021 Total Individual Life 0.25% $56,565,904 $0 $4,598,778 $0 N/A
2021 Individual Whole Life 0.03% $527,239 $0 $1,599,816 $0 N/A
2021 Individual Ordinary Annuities 1.67% $49,930,446 $0 $2,998,962 $0 N/A
2021 Individual Deposit-Type Funds 4.08% $6,108,219 $0 $0 $0 N/A
2020 Total Accident & Health 0.01% $7,786,021 $8,340,695 $9,953,636 $9,711,571 N/A
2020 Total Individual Accident & Health 0.03% $7,786,021 $8,340,695 $9,953,636 $9,711,571 N/A
2020 Individual Medicare Supplement 0.07% $2,068,702 $2,034,783 $1,553,625 $1,515,842 74.50 %
2020 Individual Long Term Care 1.02% $5,269,481 $5,811,970 $7,742,038 $7,553,757 N/A
2020 Individual Specified Disease 0.00% $15,129 $16,686 $22,227 $21,686 N/A
2020 Individual Limited Benefit 0.18% $432,709 $477,256 $635,746 $620,286 N/A
2020 Total Life 0.09% $39,822,235 $0 $1,106,553 $0 N/A
2020 Total Individual Life 0.18% $39,822,235 $0 $1,106,553 $0 N/A
2020 Individual Whole Life 0.04% $607,585 $0 $1,106,553 $0 N/A
2020 Individual Ordinary Annuities 1.47% $34,824,027 $0 $0 $0 N/A
2020 Individual Deposit-Type Funds 2.99% $4,390,623 $0 $0 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2022 Health 0.07% 10 552
2022 Life and Annuities 0.39% 1 35
2022 Long-Term Care Insurance 1.99% 8 261
2022 Medicare Supplement Insurance 0.18% 0 0
2021 Health 0.08% 9 386
2021 Life and Annuities 0.37% 2 70
2021 Long-Term Care Insurance 2.25% 7 183
2021 Medicare Supplement Insurance 0.22% 0 0
2020 Health 0.09% 6 193
2020 Life and Annuities 0.21% 3 171
2020 Long-Term Care Insurance 2.47% 5 111
2020 Medicare Supplement Insurance 0.26% 0 0


Company Changes

Effective Date: 07/09/2020

Comments: Effective 7/9/2020 Equitable Life & Casualty Insurance Company changed its name to the above.


Market Conduct

Date: 02/21/2019

ELCIC219.pdf


Financial Exams

This company does not have any financial exams.