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Company Details
TIME INSURANCE COMPANY License Status :
Active
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:
2020-07-29
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 | 0.14% | $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 | 0.42% | $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 | 0.28% | $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 % |
2019 | Total Life | 0.00% | $737,590 | $0 | $1,134,805 | $0 | N/A |
2019 | Total Individual Life | 0.00% | $737,590 | $0 | $1,134,805 | $0 | N/A |
2019 | Individual Whole Life | 0.00% | $77 | $0 | $0 | $0 | N/A |
2019 | Individual Term Life | 0.04% | $444,669 | $0 | $125,304 | $0 | N/A |
2019 | Individual Universal Life | 0.02% | $283,869 | $0 | $923,170 | $0 | N/A |
2019 | Individual Ordinary Annuities | 0.00% | $8,975 | $0 | $86,331 | $0 | N/A |
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 | 0.15% | $694,957 | $724,969 | $3,822,470 | $3,900,935 | N/A |
2018 | Individual Specified Disease | 0.16% | $752,291 | $744,713 | $57,761 | $40,085 | 5.38 % |
2018 | Individual Accident Only | 0.73% | $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 | 0.35% | $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 | 0.15% | $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 | 0.01% | $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 | 0.07% | $756,439 | $0 | $121,396 | $0 | N/A |
2018 | Individual Universal Life | 0.02% | $364,965 | $0 | $4,557,679 | $0 | N/A |
2018 | Individual Ordinary Annuities | 0.00% | $10,439 | $0 | $5,256 | $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 | Long-Term Care Insurance | 0.28% | 0 | 0 |
2019 | Health | 0.04% | 2 | 123 |
2019 | Life and Annuities | 0.01% | 0 | 0 |
2018 | Health | 0.08% | 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.
Market Conduct
Date: 07/15/2013
Financial Exams
This company does not have any financial exams.