Company Details

  INDEPENDENCE AMERICAN INSURANCE COMPANY License Status :
Active

NAIC Number :

26581


Phone Number:

2123554141


Company Address:

121 West 27th Street, Suite 803 
New York, NY  10001

Description:

Property and Casualty


License Number:

B420357


Date Admitted:

2024-07-01


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
2022 Total Accident & Health 0.00% $1,179,399 $1,179,357 $398,608 $408,426 34.63 %
2022 Total Individual Accident & Health 0.00% $564,448 $564,406 $253,812 $349,599 61.94 %
2022 Individual Specified Disease 0.00% $19,490 $17,237 $0 $480 2.78 %
2022 Individual Accident Only 0.01% $22,182 $22,182 $12,823 $36,480 N/A
2022 Individual Dental 0.05% $123,022 $123,022 $68,937 $81,476 66.23 %
2022 Individual Limited Benefit 0.07% $399,754 $401,965 $172,052 $231,163 57.51 %
2022 Total Group Accident & Health 0.00% $614,951 $614,951 $144,796 $58,827 9.57 %
2022 Group Limited Benefit 0.06% $614,951 $614,951 $144,796 $58,827 9.57 %
2022 Total Property & Casualty 0.00% $1,223,105 $1,220,678 $562,662 $533,810 43.73 %
2022 Other Specific 15.77% $1,223,105 $1,220,678 $562,662 $533,810 43.73 %
2021 Total Accident & Health 0.00% $1,479,010 $1,482,124 $414,093 $260,263 17.56 %
2021 Total Individual Accident & Health 0.00% $641,474 $644,308 $181,554 $69,188 10.74 %
2021 Individual Specified Disease 0.00% $12,193 $11,477 $0 $1,805 15.73 %
2021 Individual Accident Only 0.01% $20,435 $20,435 $2,613 $4,646 22.74 %
2021 Individual Dental 0.02% $68,857 $68,857 $22,219 $25,512 37.05 %
2021 Individual Limited Benefit 0.17% $539,989 $543,539 $156,722 $37,225 6.85 %
2021 Total Group Accident & Health 0.00% $837,536 $837,816 $232,539 $191,075 22.81 %
2021 Group Limited Benefit 0.09% $837,536 $837,816 $232,539 $191,075 22.81 %
2021 Total Property & Casualty 0.00% $1,373,746 $1,360,335 $551,984 $584,781 42.99 %
2021 Umbrella 0.00% $0 $0 $551,984 $584,781 N/A
2021 Other Specific 11.51% $1,373,746 $1,360,335 $0 $0 0.00 %

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
2022 Health 0.02% 7 2045
2021 Health 0.03% 9 1293


Company Changes


Market Conduct

Date: 09/17/2020

IAIC920.pdf


Financial Exams

This company does not have any financial exams.