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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 % |
| 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 |
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 | 0.03% | 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 |
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
Financial Exams
This company does not have any financial exams.