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Company Details
BANNER LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
94250
Phone Number:
301-279-4800
Company Address:
3275 BENNETT CREEK AVENUE
FREDERICK, MD 21704
Description:
Life and Health
License Number:
A422410
Date Admitted:
1982-03-25
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 | 0.00% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Total Individual Accident & Health | 0.00% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Individual Accident Only | 0.05% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Total Life | 0.16% | $43,011,346 | $0 | $14,142,374 | $0 | N/A |
| 2019 | Total Individual Life | 0.14% | $23,230,222 | $0 | $11,463,565 | $0 | N/A |
| 2019 | Individual Whole Life | 0.00% | $47,309 | $0 | $196,259 | $0 | N/A |
| 2019 | Individual Term Life | 1.95% | $21,873,428 | $0 | $10,350,582 | $0 | N/A |
| 2019 | Individual Universal Life | 0.09% | $1,304,771 | $0 | $873,118 | $0 | N/A |
| 2019 | Individual Variable Life | 0.00% | $4,714 | $0 | $43,606 | $0 | N/A |
| 2019 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2019 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2019 | Total Group Life | 0.18% | $19,781,124 | $0 | $2,678,809 | $0 | N/A |
| 2019 | Group Ordinary Annuities | 0.70% | $19,781,124 | $0 | $2,678,809 | $0 | N/A |
| 2018 | Total Accident & Health | 0.00% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Total Individual Accident & Health | 0.00% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Individual Accident Only | 0.03% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Total Life | 0.09% | $29,374,912 | $0 | $11,136,227 | $0 | N/A |
| 2018 | Total Individual Life | 0.15% | $21,948,311 | $0 | $9,215,422 | $0 | N/A |
| 2018 | Individual Whole Life | 0.01% | $67,555 | $0 | $268,824 | $0 | N/A |
| 2018 | Individual Term Life | 1.83% | $20,618,618 | $0 | $8,200,582 | $0 | N/A |
| 2018 | Individual Universal Life | 0.08% | $1,258,474 | $0 | $717,527 | $0 | N/A |
| 2018 | Individual Variable Life | 0.00% | $3,664 | $0 | $28,489 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Total Group Life | 0.04% | $7,426,601 | $0 | $1,920,805 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.34% | $7,426,601 | $0 | $1,920,805 | $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 |
|---|---|---|---|---|
| 2019 | Health | 0.00% | 0 | 0 |
| 2019 | Life and Annuities | 0.41% | 2 | 50 |
| 2018 | Health | 0.00% | 0 | 0 |
| 2018 | Life and Annuities | 0.33% | 3 | 83 |
Company Changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.