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.

Link to Enforcements Page


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

ELCIC219.pdf


Financial Exams

This company does not have any financial exams.