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 Items

Effective July 17, 2023, Friday Health Plans of North Carolina, Inc. (hereinafter “Company”) was placed into receivership by order of the Superior Court of Wake County, North Carolina, with the consent of the Board of Directors.  The Transitional Order of Rehabilitation, Order of Liquidation and Injunctive Relief enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against the Company.  The Company will operate in Transitional Rehabilitation until August 31, 2023, with the Order of Liquidation effective as of September 1, 2023.

The Transitional Order of Rehabilitation and Order of Liquidation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against Friday Health Plans of North Carolina, Inc.

IMPORTANT:  You must choose a new Exchange Heath Plan by August 31, 2023, to avoid a gap in coverage.

Friday Health Plans policyholders that have health insurance coverage through the federally facilitated exchange – Your health insurance coverage will end at 11:59 pm on August 31, 2023.  To ensure Friday Health Plans policyholders have an opportunity to replace their current exchange coverage before it is terminated, effective September 1, 2023, the North Carolina Department of Insurance has coordinated with the federal office known as the Center for Consumer Information and Insurance Oversight to implement a special enrollment period for members to select another exchange health insurance plan.  

The special enrollment period starts on July 2, 2023, and ends on October 30, 2023, however, to avoid a gap in coverage you must select a new Exchange Health Plan by August 31, 2023.

https://fridayhealthplansofnorthcarolina-inreceivership.com

Important Dates

July 2, 2023  - Special Enrollment Period Begins

August 31, 2023  -  Last Day to Enroll without a Gap in Coverage

September 1, 2023  -  All Friday Health Plan Policies are Terminated

October 30, 2023  -  Last Day of Special Enrollment Period

The following documents relate to Friday Health Plans of North Carolina, Inc. in Receivership:

 

On June 27, 2019, Southland National Insurance Corporation, Colorado Bankers Life Insurance Company, Bankers Life Insurance Company ("the Companies") and Southland National Reinsurance Corporation 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. 

On March 10, 2023, Mike Causey, the Commissioner of Insurance of the State of North Carolina (“Commissioner”) filed a Motion for Entry of Order of Liquidation as to Southland National Insurance Corporation. The Court held a hearing on that Motion on April 20, 2023.  The Court entered an Order of Liquidation with a declaration of insolvency on May 2, 2023, placing Southland National Insurance Corporation into liquidation. The North Carolina Insurance Commissioner is the court-appointed Liquidator of Southland National Insurance Corporation.  The administration of policies within state life and health insurance guaranty association (“SGA”) coverage limits has been taken over by the SGAs. 

An Order of Liquidation entered by the Wake County Superior Court of North Carolina with respect to Colorado Bankers Life Insurance Company (“CBL”) and Bankers Life Insurance Company (“BLIC”) became effective on November 30, 2024.  The North Carolina Insurance Commissioner is the court-appointed Liquidator of CBL and BLIC. The administration of policies within SGA coverage limits has been taken over by the SGAs. 

There is a statutory prohibition and court-ordered injunction enjoining and restraining any person from instituting or prosecuting any suit or other action against the Liquidator or the property of the Companies in liquidation. 

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

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 Liquidation:

The Superior Court of Wake County, North Carolina entered an Order of Liquidation as to Bankers Life Insurance Company (BLIC) on December 30, 2022.  The Order of Liquidation became effective on November 30, 2024.  The Order of Liquidation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against BLIC.

Pursuant to N.C.G.S. § 58-30-125 (b) the Liquidator is NOT requiring policyholders claiming cash surrender values or other investment values in life insurance and annuities to file a proof of claim.  Health insurance and Death benefit claims will be paid in the normal course to the extent covered by a state life and health insurance guaranty association.

All questions about the liquidation should be addressed to: 
Bankers Life Insurance Company, in Liquidation 
ATTN:  Mike Dinius, Special Deputy Liquidator 
Bankers Life Insurance Company 
207 W Millbrook Rd 
Ste 210, #324 
Raleigh, NC 27609

Policyholders with questions about policies or claims should contact Bankers Life Insurance Company at:
Bankers Life Insurance Company
P.O. Box 11948
Winston-Salem, NC 27116
Telephone:  1-833-658-2840
Email:  BLIC@actmanre.com

The following documents relate to Bankers Life Insurance Company in Liquidation:

The Superior Court of Wake County, North Carolina entered an Order of Liquidation as to Colorado Bankers Life Insurance Company (CBL) on December 30, 2022.  The Order of Liquidation became effective on November 30, 2024.  The Order of Liquidation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against CBL.

Pursuant to N.C.G.S. § 58-30-125 (b) the Liquidator is NOT requiring policyholders claiming cash surrender values or other investment values in life insurance and annuities to file a proof of claim.  Health insurance and Death benefit claims will be paid in the normal course to the extent covered by a state life and health insurance guaranty association.

All questions about the liquidation should be addressed to: 
Colorado Bankers Life Insurance Company, in Liquidation 
ATTN:  Mike Dinius, Special Deputy Liquidator 
Colorado Bankers Life Insurance Company 
207 W Millbrook Rd 
Ste 210, #323 
Raleigh, NC 27609

Policyholders with questions about policies or claims should contact Colorado Bankers Life Insurance Company at:
Colorado Bankers Life Insurance Company
P.O. Box 11609
Winston-Salem, NC 27116
Telephone:  1-833-658-2841
Email:  CBL@actmanre.com

The following documents relate to Colorado Bankers Life Insurance Company in Liquidation:

The Superior Court of Wake County, North Carolina ordered Southland National Insurance Corporation (SNIC) into liquidation on May 2, 2023.  The entry of an Order of Liquidation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against SNIC.

Pursuant to N.C.G.S. § 58-30-125 (b) the Liquidator is NOT requiring policyholders claiming cash surrender values or other investment values in life insurance and annuities to file a proof of claim.  Health insurance and Death benefit claims will be paid in the normal course to the extent covered by a state life and health insurance guaranty association.

All questions about the liquidation should be addressed to: 
Southland National Insurance Corporation, in Liquidation 
ATTN:  Mike Dinius, Special Deputy Liquidator 
207 W. Millbrook Road, Suite 210, #325 
Raleigh, NC 27609

Policyholders with questions about policies or claims should contact the Southland National Insurance Corporation Customer Service for policies issued in Louisiana at 833-452-4240 and for policies issued outside of Louisiana 800-277-8762_or email inquiries to: POS@uflic.com for policies in Louisiana or sniclifeclaims@southlandbenefit.com for policies outside of Louisiana.  

The following documents relate to Southland National Insurance Corporation in Liquidation: 

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:

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.

Rick Kilpatrick
Chief Regulatory Specialist
919-807-6154
 

South Carolina:

Utah:

 

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