Regulatory Actions (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)

Southland National Insurance Corporation in Rehabilitation, Colorado Bankers Life Insurance Company in Rehabilitation, Bankers Life Insurance Company in Rehabilitation, Southland National Reinsurance Corporation in Rehabilitation

Southland National Insurance Corporation in Rehabilitation, Colorado Bankers Life Insurance Company in Rehabilitation, Bankers Life Insurance Company in Rehabilitation, Southland National Reinsurance Corporation in Rehabilitation

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.

All correspondence should be addressed to:

CBLife Rehabilitation
PO Box 110604
Durham, NC 27709-0962

Phone: 317-683-1295
Email: hardships@globalbankers.com

Policyholder specific questions contact the appropriate Company at:

  • For Colorado Bankers Life policies: 1-800-367-7814
  • For Bankers Life policies: 1-800-839-2731
  • For Southland National policies: 1-833-452-4240

Information is currently being developed to inform you of the status of the Rehabilitator’s efforts concerning the Companies. Please be patient and check back frequently as further information is added.

The following documents relate to the Companies in Rehabilitation:

Cannon Surety, LLC in Rehabilitation

Cannon Surety, LLC 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:

CAGC Insurance Company, in Liquidation

CAGC Insurance Company, in Liquidation

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:

North Carolina Mutual Life Insurance Company in Rehabilitation

North Carolina Mutual Life Insurance Company in Rehabilitation

On December 3, 2018, North Carolina Mutual Life Insurance Company ("NC Mutual" or "Company"), was placed in rehabilitation by order of the Superior Court of Wake County, North Carolina, with the consent of the Board of Directors of NC Mutual. Initially the Rehabilitation Order was confidential and sealed by order of the Court. On February 1, 2019, an order was entered by the Superior Court of Wake County to unseal the court file. The Order of Rehabilitation enjoins all persons from instituting or continuing any action at law or in equity or any attachment or execution against NC Mutual.

North Carolina Insurance Commissioner Mike Causey serves as Rehabilitator. The Rehabilitator and his staff believe that it is reasonable to work towards the development of a Plan of Rehabilitation for NC Mutual with the goal of returning NC Mutual to a condition where all contractual claims of policyholders can be honored.

Information is currently being developed to inform you of the status of the Rehabilitator's efforts concerning NC Mutual. Please be patient and check back frequently as further information is added.

All correspondence should be addressed to:
North Carolina Mutual Life Insurance Company in Rehabilitation
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 Rehabilitation:

Additional Information

Additional Information

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.

Related Links Contact Information

Contact Information

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

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