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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 |
|---|---|---|---|---|---|---|---|
| 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 | 0.04% | $7,786,021 | $8,340,695 | $9,953,636 | $9,711,571 | N/A |
| 2020 | Individual Medicare Supplement | 0.08% | $2,068,702 | $2,034,783 | $1,553,625 | $1,515,842 | 74.50 % |
| 2020 | Individual Long Term Care | 1.06% | $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 | 0.19% | $432,709 | $477,256 | $635,746 | $620,286 | N/A |
| 2020 | Total Life | 0.10% | $39,822,235 | $0 | $1,106,553 | $0 | N/A |
| 2020 | Total Individual Life | 0.20% | $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 | 1.54% | $34,824,027 | $0 | $0 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 3.12% | $4,390,623 | $0 | $0 | $0 | N/A |
| 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 | 1.25% | $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 | 0.24% | $453,922 | $0 | $468,801 | $346,370 | 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 | 0.05% | $9,914,559 | $10,116,177 | $10,070,436 | $8,465,430 | 83.68 % |
| 2018 | Individual Medicare Supplement | 0.09% | $2,200,844 | $2,274,193 | $1,471,300 | $1,452,071 | 63.85 % |
| 2018 | Individual Long Term Care | 1.29% | $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 | 0.68% | $1,006,559 | $1,030,309 | $439,444 | $334,067 | 32.42 % |
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 |
|---|---|---|---|---|
| 2020 | Health | 0.10% | 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 |
| 2019 | Medicare Supplement Insurance | 0.20% | 1 | 367 |
| 2019 | Health | 0.11% | 5 | 128 |
| 2019 | Life and Annuities | 0.09% | 1 | 111 |
| 2019 | Long-Term Care Insurance | 1.89% | 4 | 104 |
| 2018 | Health | 0.14% | 6 | 116 |
| 2018 | Life and Annuities | 0.02% | 0 | 0 |
| 2018 | Long-Term Care Insurance | 2.96% | 4 | 65 |
| 2018 | Medicare Supplement Insurance | 0.35% | 1 | 200 |
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
Financial Exams
This company does not have any financial exams.