North Carolina Insurance Commissioner Mike Causey announced that the hardship eligibility programs for policyholders of Colorado Bankers Life Insurance Company, Bankers Life Insurance Co. and Southland National Life Insurance Corp. have been expanded effective July 27.
In his role as rehabilitator of the three companies, Commissioner Causey has raised the maximum amount of liquid assets that an applicant may have to qualify for financial hardship payments from $25,000 to $50,000.