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Company Details
IBEXIS LIFE & ANNUITY INSURANCE COMPANY License Status :
Active
NAIC Number :
69272
Phone Number:
6127579713
Company Address:
700 South Rosemary Ave Suite 204
West Palm Beach, FL 33401
Description:
Life and Health
License Number:
A422817
Date Admitted:
1999-01-21
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 |
|---|---|---|---|---|---|---|---|
| 2023 | Total Life | 0.06% | $8,461,109 | $0 | $10,340 | $0 | N/A |
| 2023 | Total Individual Life | 0.08% | $8,461,109 | $0 | $10,340 | $0 | N/A |
| 2023 | Individual Whole Life | 0.00% | $244 | $0 | $7,822 | $0 | N/A |
| 2023 | Individual Term Life | 0.00% | $24 | $0 | $0 | $0 | N/A |
| 2023 | Individual Universal Life | 0.00% | $10,308 | $0 | $1,125 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.32% | $8,450,533 | $0 | $1,393 | $0 | N/A |
| 2022 | Total Life | 0.00% | $477,975 | $0 | $68,738 | $0 | N/A |
| 2022 | Total Individual Life | 0.00% | $477,975 | $0 | $68,738 | $0 | N/A |
| 2022 | Individual Whole Life | 0.00% | $22,695 | $0 | $68,738 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.02% | $455,280 | $0 | $0 | $0 | N/A |
| 2021 | Total Life | 0.00% | $135,596 | $0 | $181,223 | $0 | N/A |
| 2021 | Total Individual Life | 0.00% | $135,596 | $0 | $181,223 | $0 | N/A |
| 2021 | Individual Whole Life | 0.00% | $1,582 | $0 | $699 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $964 | $0 | $0 | $0 | N/A |
| 2021 | Individual Universal Life | 0.00% | $35,268 | $0 | $2,807 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.01% | $97,782 | $0 | $177,717 | $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 |
|---|---|---|---|---|
| 2023 | Life and Annuities | 0.00% | 0 | 0 |
| 2022 | Life and Annuities | 0.00% | 0 | 0 |
| 2021 | Life and Annuities | 0.00% | 0 | 0 |
Company Changes
Effective Date: 12/31/1969
Comments: Proposed Acquisition of Sunset Life Insurance Company of America by Rainier Management, Ltd.; Cordillera Holdings, LLP; Foraker Holdings, LLC; and Bona Holdings, LLC
Effective Date: 04/26/2022
Comments: Effective 04/26/2022 Sunset Life Insurance Company of America changed its name to the above and changed all of its addresses as shown above.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
Date: 06/13/2016
Date: 12/29/2020
Order and Exam Report - Sunset Life Insurance Company of America.pdf