Receiverships

The Regulatory Actions Section is responsible for the administration of all insurance entities placed into rehabilitation or liquidation in North Carolina as well as closely monitoring troubled insurance entities, including those placed into administrative supervision.

Estates Under Administration (Receiverships)

Tab/Accordion Item

On June 27, 2019, Southland National Insurance Corporation, Colorado Bankers Life Insurance Company, Bankers Life Insurance Company and Southland National Reinsurance Corporation (hereinafter “Companies”) were placed in rehabilitation by order of the Superior Court of Wake County, North Carolina, with the consent of the Board of Directors and the Controlling Shareholder. The Order of Rehabilitation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against the Companies.

Correspondence should be addressed to the appropriate Company at the following:

Colorado Bankers Life Insurance Company
P.O. Box 11609
Winston-Salem, NC 27116
 
Bankers Life Insurance Company
P.O. Box 11948
Winston-Salem NC 27116
 
Southland National Insurance Corporation
P.O. Box 168
New Palestine IN 46163
 

Hardships forms may be emailed to the appropriate Company as follows:

Policyholder specific questions contact the appropriate Company at:

  • For Colorado Bankers Life policies: 1-833-658-2841
  • For Bankers Life policies: 1-833-658-2840
  • For Southland National policies: 1-833-842-8960

You may sign up for email notifications from the appropriate Company as follows:

The following documents relate to the Companies in Rehabilitation:

An Order of Rehabilitation was issued to Cannon Surety, LLC effective December 15, 2017. The Order of Rehabilitation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against Cannon Surety, LLC.

Questions specifically regarding judicial appearance bonds or surety bondsmen should contact the Bail Bond Regulatory Division at (919) 807-6850 or via email at BBRDinbox@ncdoi.gov.  For all other matters,  contact the Financial Analysis and Receivership Division at (919) 807-6140 and ask to be connected to an employee working on Cannon Surety, LLC in Rehabilitation.

All correspondence should be addressed to:

Cannon Surety, LLC, in Rehabilitation
North Carolina Department of Insurance
Financial Analysis and Receivership Division-FARD
1203 Mail Service Center
Raleigh, NC 27699-1203

The following documents relate to Cannon Surety, LLC. In Rehabilitation:

The Superior Court of Wake County, North Carolina ordered CAGC Insurance Company (CIC) into liquidation on January 17, 2014. The Order of Liquidation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against CIC.

All correspondence should be addressed to:

CAGC Insurance Company, in Liquidation
430 N. Salisbury Street
Raleigh, North Carolina 27603-5923

The telephone number is (919) 807-6150. Please ask to be connected to an employee working on the CAGC Insurance Company liquidation.

The following documents relate to the CAGC Insurance Company, in Liquidation:

On October 11, 2022, the Superior Court of Wake County, North Carolina ordered North Carolina Mutual Life Insurance Company (NC Mutual) into liquidation effective October 31, 2022. The entry of an Order of Liquidation enjoins all persons from instituting any action at law or in equity or any attachment or execution against NC Mutual.  
All claims correspondence should continue to be addressed to:

NC Mutual
PO Box 281709
Nashville, TN 37228
Attn:  Claims Dep

Policyholders with questions about policies or claims should call:

(800) 626-1899 (toll free)
(919) 682-9201
Monday – Thursday 8:30 am – 5:00 pm ET

All other correspondence should be sent to:

North Carolina Mutual Life Insurance Company in Liquidation
North Carolina Department of Insurance
Financial Analysis and Receivership Division- FARD
1203 Mail Service Center
Raleigh, North Carolina 27699-1203

Or email at: NCMutual@ncdoi.gov

The following documents relate to North Carolina Mutual Life Insurance Company in Liquidation:

Additional information is available regarding North Carolina domestic receiverships and receiverships in other states on the NAIC Global Receivership Information Database (GRID) website. GRID is a voluntary database provided by the state insurance departments to report information on insurer receiverships for consumers, claimants, and guaranty funds.

Susan Coble
Chief Regulatory Specialist
919-807-6156
919-807-6635 (Fax)