Company Details

  TIME INSURANCE COMPANY License Status :
Inactive

NAIC Number :

69477


Phone Number:

787-919-0762


Company Address:

268 AVENIDA LUIS MUNOZ RIVERA SUITE 420 
SAN JUAN, PR  00918

Description:

Life and Health


License Number:

A419850


Date Admitted:

2021-04-30


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% $2,782,617 $2,819,188 $4,764,028 $2,212,949 78.50 %
2019 Total Individual Accident & Health 0.01% $2,704,075 $2,743,522 $4,417,371 $2,455,049 89.49 %
2019 Individual Long Term Care 0.13% $646,469 $657,906 $4,045,263 $2,225,078 N/A
2019 Individual Specified Disease 0.08% $455,832 $460,546 $45,485 $84,457 18.34 %
2019 Individual Accident Only 0.41% $1,090,487 $1,110,425 $88,126 $19,316 1.74 %
2019 Individual Disability Income 0.00% $3,498 $3,486 $0 $-247 -7.09 %
2019 Individual Dental 0.26% $507,191 $510,560 $238,497 $126,405 24.76 %
2019 Individual Limited Benefit 0.00% $598 $599 $0 $40 6.68 %
2019 Total Group Accident & Health 0.00% $78,542 $75,666 $346,657 $-242,100 -319.96 %
2019 Group Stop Loss 0.00% $78,542 $75,666 $346,657 $-242,100 -319.96 %
2018 Total Accident & Health 0.01% $6,641,908 $6,630,757 $6,244,699 $6,140,270 92.60 %
2018 Total Individual Accident & Health 0.02% $3,880,681 $3,897,297 $4,272,270 $4,369,273 N/A
2018 Individual Long Term Care 0.14% $694,957 $724,969 $3,822,470 $3,900,935 N/A
2018 Individual Specified Disease 0.15% $752,291 $744,713 $57,761 $40,085 5.38 %
2018 Individual Accident Only 0.71% $1,830,812 $1,813,203 $130,654 $176,447 9.73 %
2018 Individual Disability Income 0.00% $3,879 $3,915 $0 $164 4.19 %
2018 Individual Dental 0.33% $598,160 $609,903 $261,385 $251,712 41.27 %
2018 Individual Limited Benefit 0.00% $582 $594 $0 $-70 -11.78 %
2018 Total Group Accident & Health 0.01% $2,761,227 $2,733,460 $1,972,429 $1,770,997 64.79 %
2018 Group Stop Loss 0.14% $2,761,227 $2,733,460 $1,972,429 $1,770,997 64.79 %

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 0.03% 1 91
2020 Life and Annuities 0.01% 0 0
2020 Long-Term Care Insurance 0.18% 0 0
2019 Life and Annuities 0.01% 0 0
2019 Long-Term Care Insurance 0.28% 0 0
2019 Health 0.05% 2 123
2018 Health 0.09% 8 235
2018 Life and Annuities 0.01% 1 796
2018 Long-Term Care Insurance 0.30% 0 0


Company Changes

Effective Date: 09/01/2005

Comments: Fortis Insurance Company changed its name to Time Insurance Company.

Effective Date: 04/30/2021

Comments: Effective 04/30/2021 the above company was suspended via Consent Order.


Market Conduct

Date: 07/15/2013

TimeGroupSettlement.pdf


Financial Exams

This company does not have any financial exams.