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Company Details
SILAC INSURANCE COMPANY License Status :
Active
NAIC Number :
62952
Phone Number:
8015793400
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 |
|---|---|---|---|---|---|---|---|
| 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 | 0.26% | $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 | 1.71% | $49,930,446 | $0 | $2,998,962 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 4.14% | $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 | 1.49% | $34,824,027 | $0 | $0 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 3.04% | $4,390,623 | $0 | $0 | $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 |
|---|---|---|---|---|
| 2021 | Long-Term Care Insurance | 2.25% | 7 | 183 |
| 2021 | Medicare Supplement Insurance | 0.22% | 0 | 0 |
| 2021 | Health | 0.08% | 9 | 386 |
| 2021 | Life and Annuities | 0.37% | 2 | 70 |
| 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
Financial Exams
This company does not have any financial exams.