Company Details

  SILAC INSURANCE COMPANY License Status :
Active

NAIC Number :

62952


Phone Number:

801-579-3400


Company Address:

P.O. BOX 2460 
SALT LAKE CITY, UT  84110-2460

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
2019 Total Accident & Health 0.01% $8,838,533 $0 $10,743,314 $8,777,208 N/A
2019 Total Individual Accident & Health 0.05% $8,838,533 $0 $10,743,314 $8,777,208 N/A
2019 Individual Medicare Supplement 0.08% $1,936,610 $0 $1,569,591 $1,505,550 N/A
2019 Individual Long Term Care 1.39% $6,376,256 $0 $8,672,741 $6,888,671 N/A
2019 Individual Specified Disease 0.01% $71,745 $0 $32,181 $36,617 N/A
2019 Individual Limited Benefit 0.27% $453,922 $0 $468,801 $346,370 N/A
2019 Total Life 0.10% $25,918,461 $0 $559,053 $0 N/A
2019 Total Individual Life 0.16% $25,918,461 $0 $559,053 $0 N/A
2019 Individual Whole Life 0.05% $673,406 $0 $559,053 $0 N/A
2019 Individual Ordinary Annuities 0.90% $20,484,826 $0 $0 $0 N/A
2019 Individual Deposit-Type Funds 2.80% $4,760,229 $0 $0 $0 N/A
2018 Total Accident & Health 0.02% $9,914,559 $10,116,177 $10,070,436 $8,465,430 83.68 %
2018 Total Individual Accident & Health 0.06% $9,914,559 $10,116,177 $10,070,436 $8,465,430 83.68 %
2018 Individual Medicare Supplement 0.10% $2,200,844 $2,274,193 $1,471,300 $1,452,071 63.85 %
2018 Individual Long Term Care 1.44% $6,626,470 $6,728,803 $8,129,637 $6,643,976 98.74 %
2018 Individual Specified Disease 0.02% $80,166 $82,677 $30,055 $35,316 42.72 %
2018 Individual Accident Only 0.00% $520 $195 $0 $0 0.00 %
2018 Individual Limited Benefit 0.74% $1,006,559 $1,030,309 $439,444 $334,067 32.42 %
2018 Total Life 0.01% $3,022,851 $0 $530,511 $0 N/A
2018 Total Individual Life 0.02% $3,022,851 $0 $530,511 $0 N/A
2018 Individual Whole Life 0.06% $720,607 $0 $484,084 $0 N/A
2018 Individual Term Life 0.00% $39,218 $0 $46,427 $0 N/A
2018 Individual Ordinary Annuities 0.13% $2,263,026 $0 $0 $0 N/A
2017 Total Accident & Health 0.02% $11,324,401 $11,424,702 $10,875,142 $12,700,098 N/A
2017 Total Individual Accident & Health 0.05% $11,324,401 $11,424,702 $10,875,142 $12,700,098 N/A
2017 Individual Medicare Supplement 0.12% $2,697,266 $2,734,898 $1,772,150 $1,707,785 62.44 %
2017 Individual Long Term Care 1.59% $7,427,350 $7,478,923 $8,568,678 $10,576,211 N/A
2017 Individual Specified Disease 0.02% $86,108 $86,363 $11,314 $-17,032 -19.72 %
2017 Individual Accident Only 0.00% $520 $520 $0 $0 0.00 %
2017 Individual Limited Benefit 0.98% $1,113,157 $1,123,998 $523,000 $433,134 38.54 %
2017 Total Life 0.00% $854,846 $0 $563,144 $0 N/A
2017 Total Individual Life 0.01% $854,846 $0 $563,144 $0 N/A
2017 Individual Whole Life 0.06% $807,300 $0 $506,870 $0 N/A
2017 Individual Graded Death Benefits 0.20% $47,546 $0 $56,274 $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
2019 Health 0.10% 5 128
2019 Life and Annuities 0.09% 1 111
2019 Long-Term Care Insurance 1.89% 4 104
2019 Medicare Supplement Insurance 0.20% 1 367
2018 Health 0.13% 6 116
2018 Life and Annuities 0.02% 0 0
2018 Long-Term Care Insurance 2.95% 4 65
2018 Medicare Supplement Insurance 0.35% 1 200
2017 Health 0.15% 7 102
2017 Life and Annuities 0.01% 0 0
2017 Long-Term Care Insurance 3.23% 5 76
2017 Medicare Supplement Insurance 0.45% 1 143


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.