Discharged Insurance Company

American Integrity Insurance Company

 

Liquidation Documents:

Resources:

Date of Liquidation:June 25, 1993
Filing Deadline:June 25, 1994
States Where Licensed:All except Connecticut and Michigan
Type of Business Sold:Accident & Health
 
All policies except those held by New York residents, were transferred to the following companies:

Long Term Care/Nursing Home Policies
 
 UNUM
2211 Congress Street
Portland, ME 04122
Telephone No.: (800) 693-4988


Accident & Health Policies

 MEGA Life Insurance Co.
PO Box 548801
Oklahoma City, OK 73154
Telephone No.: (800) 527-5504
 
No guaranty association coverage is available to New York residents. All policies for New York residents were cancelled effective midnight, July 25, 1993. Coverage was afforded, however, by a consortium of New York insurers, and all claims filed before the December 31, 1993 deadline have been paid.

For further information regarding a specific claim, click on one of the links at the top of the page, or call Liquidation Claims at (717) 787-7823.

Estimated Net Assets Available and Estimated Liabilities - As of 12/31/10
Estimated Net Assets Available
Includes early access distributions to Guaranty
Associations of $34,962,862
$64,084,398
Estimated Liabilities
Priority Class See Footnote 1
A9,109,468
Less:
Liquidation Expenses Paid
(5,288,402)
B94,364,967
C
D1,000
E499,855
F
G
H
I
Known but unevaluated claims
Total Estimated Remaining UnpaidLiabilities$
98,686,888
Estimated Surplus (Deficit)$(34,602,490)


The Financial Statement Disclosure is an integral part of this statement. It is necessary to read the disclosure to fully understand the statements.

Footnotes:
1 Priority Classes
The order of distribution of claims from the insurer's estate is set forth in detail in Article V of the Insurance Department Act of 1921 at 40 P.S. 22144. Briefly the classes are:
A Administrative expenses
B Claims for policy benefits
C Federal government claims
D Certain employee claims
E General creditor claims
F Stateand local government claims
G Late filed claims
H Surplus or contribution note claims
I Shareholder/owner claims.
2 Priority Class A - Administrative Expenses
Administrative expenses include both the Guaranty Associations expenses related to administering the claims of the companies in liquidation and the Liquidators expenses. As shown, the Liquidators expenses have been bracketed to indicate they have been paid and the net assets available were reduced by that amount. The net difference in this priority class, if any, represents administrative expenses incurred by the Guaranty Associations.

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