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Company Details
INDIVIDUAL ASSURANCE COMPANY LIFE HEALTH & ACCIDENT License Status :
Active
NAIC Number :
81779
Phone Number:
405-285-5307
Company Address:
PO BOX 14998
OKLAHOMA CITY, OK 73113-0998
Description:
Life and Health
License Number:
A420689
Date Admitted:
1973-11-27
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 | 0.02% | $9,843,117 | $9,957,818 | $7,810,626 | $7,947,951 | 79.82 % |
| 2020 | Total Individual Accident & Health | 0.05% | $9,843,505 | $9,952,833 | $7,810,626 | $7,948,316 | 79.86 % |
| 2020 | Individual Medicare Supplement | 0.37% | $9,842,913 | $9,952,246 | $7,810,626 | $7,948,316 | 79.86 % |
| 2020 | Individual Disability Income | 0.00% | $592 | $587 | $0 | $0 | 0.00 % |
| 2020 | Total Group Accident & Health | 0.00% | $-388 | $4,985 | $0 | $-365 | -7.32 % |
| 2020 | Group Short Term Credit Disability | 0.00% | $-388 | $4,985 | $0 | $-365 | -7.32 % |
| 2020 | Total Life | 0.00% | $275,879 | $0 | $274,660 | $0 | N/A |
| 2020 | Total Individual Life | 0.00% | $133,388 | $0 | $126,381 | $0 | N/A |
| 2020 | Individual Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Term Life | 0.01% | $133,388 | $0 | $115,693 | $0 | N/A |
| 2020 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $10,688 | $0 | N/A |
| 2020 | Total Group Life | 0.00% | $142,491 | $0 | $148,279 | $0 | N/A |
| 2020 | Group Term Life | 0.01% | $143,352 | $0 | $148,279 | $0 | N/A |
| 2020 | Group Credit Life | 0.00% | $-861 | $0 | $0 | $0 | N/A |
| 2019 | Total Accident & Health | 0.02% | $10,043,382 | $9,891,382 | $7,715,462 | $7,921,897 | 80.09 % |
| 2019 | Total Individual Accident & Health | 0.05% | $10,047,313 | $9,888,996 | $7,703,098 | $7,925,008 | 80.14 % |
| 2019 | Individual Medicare Supplement | 0.40% | $10,046,721 | $9,888,406 | $7,703,098 | $7,925,008 | 80.14 % |
| 2019 | Individual Disability Income | 0.00% | $592 | $590 | $0 | $0 | 0.00 % |
| 2019 | Total Group Accident & Health | 0.00% | $-3,931 | $2,386 | $12,364 | $-3,111 | -130.39 % |
| 2019 | Group Short Term Credit Disability | -0.02% | $-3,931 | $2,386 | $12,364 | $-3,111 | -130.39 % |
| 2018 | Total Accident & Health | 0.01% | $8,036,660 | $8,035,774 | $5,945,260 | $5,985,265 | 74.48 % |
| 2018 | Total Individual Accident & Health | 0.04% | $8,048,328 | $7,999,193 | $5,914,704 | $5,971,367 | 74.65 % |
| 2018 | Individual Medicare Supplement | 0.32% | $8,047,736 | $7,998,589 | $5,914,704 | $5,971,367 | 74.66 % |
| 2018 | Individual Disability Income | 0.00% | $592 | $604 | $0 | $0 | 0.00 % |
| 2018 | Total Group Accident & Health | 0.00% | $-11,668 | $36,581 | $30,556 | $13,898 | 37.99 % |
| 2018 | Group Short Term Credit Disability | -0.06% | $-11,668 | $36,581 | $30,556 | $13,898 | 37.99 % |
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% | 1 | 31 |
| 2020 | Life and Annuities | 0.00% | 0 | 0 |
| 2020 | Medicare Supplement Insurance | 1.18% | 1 | 79 |
| 2019 | Health | 0.10% | 2 | 58 |
| 2019 | Life and Annuities | 0.01% | 0 | 0 |
| 2019 | Medicare Supplement Insurance | 1.05% | 2 | 136 |
| 2018 | Health | 0.09% | 3 | 85 |
| 2018 | Life and Annuities | 0.01% | 0 | 0 |
| 2018 | Medicare Supplement Insurance | 0.97% | 3 | 214 |
Company Changes
Effective Date: 11/19/2012
Comments: Individual Assurance Company, Life, Health & Accident
Effective Date: 09/08/2014
Comments: Effective 09/08/14 this company redomesticated from Misssouri to Oklahoma.
Market Conduct
Date: 11/13/2019
Financial Exams
Date: 03/27/2014