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Company Details

  TIME INSURANCE COMPANY License Status :
Active

NAIC Number :

69477


Phone Number:

787-919-0762


Company Address:

268 AVENIDA PONCE DE LEON, SUITE 416 HATO REY 
SAN JUAN, PR  00918

Description:

Life and Health


License Number:

A419850


Date Admitted:

1961-05-11


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
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 0.01% $3,880,681 $3,897,297 $4,272,270 $4,369,273 N/A
2018 Individual Long Term Care 0.08% $694,957 $724,969 $3,822,470 $3,900,935 N/A
2018 Individual Specified Disease 0.08% $752,291 $744,713 $57,761 $40,085 5.38 %
2018 Individual Accident Only 0.37% $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 0.19% $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 0.00% $2,761,227 $2,733,460 $1,972,429 $1,770,997 64.79 %
2018 Group Stop Loss 0.08% $2,761,227 $2,733,460 $1,972,429 $1,770,997 64.79 %
2018 Total Life 0.00% $1,131,921 $0 $4,684,331 $0 N/A
2018 Total Individual Life 0.00% $1,131,921 $0 $4,684,331 $0 N/A
2018 Individual Whole Life 0.00% $78 $0 $0 $0 N/A
2018 Individual Term Life 0.04% $756,439 $0 $121,396 $0 N/A
2018 Individual Universal Life 0.01% $364,965 $0 $4,557,679 $0 N/A
2018 Individual Ordinary Annuities 0.00% $10,439 $0 $5,256 $0 N/A
2017 Total Accident & Health 0.01% $5,890,018 $5,927,226 $7,614,853 $7,382,090 N/A
2017 Total Individual Accident & Health 0.02% $3,518,443 $3,566,883 $4,464,998 $4,915,410 N/A
2017 Individual Long Term Care 0.16% $721,730 $770,170 $3,880,516 $4,192,287 N/A
2017 Individual Specified Disease 0.15% $537,716 $537,716 $155,917 $285,317 53.06 %
2017 Individual Accident Only 0.65% $1,501,339 $1,501,339 $93,256 $134,107 8.93 %
2017 Individual Disability Income 0.00% $3,712 $3,712 $5,000 $4,838 N/A
2017 Individual Dental 0.48% $753,436 $753,436 $330,309 $298,817 39.66 %
2017 Individual Limited Benefit 0.00% $510 $510 $0 $44 8.63 %
2017 Total Group Accident & Health 0.01% $2,371,575 $2,360,343 $3,149,855 $2,466,680 N/A
2017 Group Stop Loss 0.16% $2,371,575 $2,360,343 $3,149,855 $2,466,680 N/A
2017 Total Life 0.00% $1,036,156 $0 $942,811 $0 N/A
2017 Total Individual Life 0.01% $1,036,156 $0 $942,696 $0 N/A
2017 Individual Whole Life 0.00% $78 $0 $772 $0 N/A
2017 Individual Term Life 0.07% $690,998 $0 $65,900 $0 N/A
2017 Individual Universal Life 0.02% $344,480 $0 $873,730 $0 N/A
2017 Individual Ordinary Annuities 0.00% $600 $0 $2,294 $0 N/A
2017 Total Group Life 0.00% $0 $0 $115 $0 N/A
2017 Group Whole Life 0.00% $0 $0 $115 $0 N/A
2016 Total Accident & Health 0.02% $10,061,521 $6,928,420 $11,495,390 $8,732,627 N/A
2016 Total Individual Accident & Health 0.03% $6,880,275 $3,597,247 $6,318,217 $6,152,103 N/A
2016 Individual Comprehensive Medical Expense 0.03% $3,761,037 $441,384 $2,414,087 $-980,652 -222.18 %
2016 Individual Long Term Care 0.19% $869,636 $881,401 $3,314,890 $6,494,548 N/A
2016 Individual Specified Disease 0.08% $232,496 $233,409 $52,253 $53,168 22.78 %
2016 Individual Accident Only 0.42% $1,012,600 $1,025,277 $82,200 $98,943 9.65 %
2016 Individual Disability Income 0.00% $4,398 $4,562 $0 $378 8.29 %
2016 Individual Dental 0.63% $999,103 $1,010,215 $454,767 $485,580 48.07 %
2016 Individual Limited Benefit 0.00% $1,005 $999 $20 $138 13.81 %
2016 Total Group Accident & Health 0.01% $3,181,246 $3,331,173 $5,177,173 $2,580,524 77.47 %
2016 Group Comprehensive Medical Expense - Small Employer 0.00% $-162,888 $-46,006 $600,597 $24,074 -52.33 %
2016 Group Comprehensive Medical Expense - Association 0.00% $-8,496 $1,359 $1,823,956 $-500,688 -36,842.38 %
2016 Group Accident Only 0.00% $0 $-30 $0 $-2,003 N/A
2016 Group Disability Income 0.00% $0 $0 $0 $-462 N/A
2016 Group Dental 0.00% $0 $0 $1,035 $-380 N/A
2016 Group Limited Benefit -0.03% $-107,192 $-107,192 $5,103 $-69,558 64.89 %
2016 Group Stop Loss 0.27% $3,459,822 $3,483,042 $2,746,482 $3,129,541 89.85 %
2016 Total Life 0.00% $963,993 $0 $780,632 $0 N/A
2016 Total Individual Life 0.01% $963,993 $0 $780,632 $0 N/A
2016 Individual Whole Life 0.00% $416 $0 $0 $0 N/A
2016 Individual Term Life 0.06% $569,744 $0 $71,058 $0 N/A
2016 Individual Universal Life 0.03% $363,568 $0 $706,973 $0 N/A
2016 Individual Ordinary Annuities 0.00% $600 $0 $2,601 $0 N/A
2016 Individual Deposit-Type Funds 0.02% $29,665 $0 $0 $0 N/A

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
2018 Health 0.08% 8 235
2018 Life and Annuities 0.01% 1 796
2018 Long-Term Care Insurance 0.30% 0 0
2017 Life and Annuities 0.01% 2 1656
2017 Long-Term Care Insurance 0.33% 1 150
2017 Health 0.25% 23 203
2016 Health 0.48% 39 171
2016 Life and Annuities 0.01% 2 1888
2016 Long-Term Care Insurance 0.37% 2 261


Company Changes

Effective Date: 09/01/2005

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

Effective Date: 07/15/2013

Comments:


Market Conduct

Date: 07/15/2013

TimeGroupSettlement.pdf


Financial Exams

This company does not have any financial exams.