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THE NEBRASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATIONInsolvenciesInsolvencies by Liquidation Date |
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NATIONAL STATES INSURANCE COMPANY (MISSOURI) Date of Rehabilitation: April 1, 2010 Brief Summary: National States, a Missouri insurance company, was licensed in 37 states and wrote life, accident and health, long-term care (LTC) and Medicare Supplement policies. On April 1, 2010, the company was placed into Rehabilitation based on hazardous conditions. The Board of Directors of National States consented to the rehabilitation order. Missouri Director of Insurance, John Huff, was appointed receiver. On October 8, 2010, the court entered an order approving an assumption agreement of all Medicare Supplement business effective September 1, 2010, with Oxford Life/North American Life and reducing agents’ commissions by 25%. On November 15, 2010, the court entered an order of liquidation against National States. Funding for claims occurs approximately every 2 weeks. Funding information is provided to the Nebraska Guaranty Association, which funds Nebraska claims. The toll-free number for National States is 800.868.6788. Contact Information: Pamela Olsen or Lori Busch 4816-4903-8090, v. 1 |
