Search for: "Commonwealth Annuity and Life Insurance Company"
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5 Dec 2013, 8:03 am
Pennsylvania Commonwealth Court Judge Bonnie Brigance Leadbetter has signed an Order approving a Transfer and Assumption Agreement whereby Reliance Insurance Company will transfer all Reliance-owned structured settlement annuity contracts and corresponding payment obligations issued by Genworth Life Insurance Companies to a new corporation, the Genworth Annuity Service Corporation. [read post]
17 Mar 2013, 9:22 am
Over 95 percent of the qualified assignment contracts owned by the Reliance Estate involve annuity contracts issued by United Pacific Life Insurance Company, a former Reliance subsidiary which Reliance sold in 1993 and which is now known as Genworth Life Insurance Company. [read post]
20 Aug 2008, 12:06 pm
" In addition, recognition of a difference in life expectancy in the terms or conditions of a group or individual annuity, pure endowment contract or certificate covering residents of the commonwealth which is issued or delivered within or without the commonwealth on or after January 1, 2009, including but not limited to the amount or method of payment of premiums, rate charges or in the benefits payable, is considered to be an unfair method of… [read post]
28 Dec 2020, 8:00 am
In December 2020, Unum Group announced a reinsurance transaction with a subsidiary of Global Atlantic (Commonwealth Annuity and Life Insurance Company) in a coinsurance agreement. [read post]
27 Dec 2016, 12:52 pm
An insurance agent, Rush, allegedly diverted four checks from his Port Charlotte, FL, victim into the bank account of a phantom company he set up instead of sending the funds to the annuity company, Division of Insurance Fraud investigators also allege. [read post]
29 Nov 2007, 9:57 am
Former Structured Settlement Annuity Issuers under the AEGON Umbrella Commonwealth Monumental Life Peoples Security Transamerica Life Insurance Company Transamerica Life Insurance Company of New York Transamerica Occidental Life 4structures.com, LLC has compiled the customer service telephone numbers for current and former structured settlement annuity issuers. [read post]
6 Jun 2017, 12:32 pm
She was previously employed at LPL Financial LLC (8/2006 – 4/2015), Commonwealth Financial Network (7/1998 – 8/2006), American Express Financial Advisors (6/1992 – 7/1998), and IDS Life Insurance Company (06/1992 – 7/1998). [read post]
9 Mar 2009, 5:39 pm
The underlying case involved Rapid's attempts to purchase structured settlement payment rights from Andino Ward whose April 1991 settlement with the City of Philadelphia included future periodic payments funded with a structured annuity from Allstate Life Insurance Company. [read post]
30 Dec 2014, 4:28 pm
Pennsylvania Commonwealth Court Judge Bonnie Brigance Leadbetter signed an Order on November 4, 2013 approving a Transfer and Assumption Agreement whereby Reliance will transfer all Reliance-owned structured settlement annuity contracts and corresponding payment obligations issued by Genworth Life Insurance Company to a new corporation, the Genworth Annuity Service Corporation. [read post]
31 Mar 2020, 8:45 pm
Pennsylvania: On March 30th, Pennsylvania Insurance Commissioner Jessica Altman issued a press release cautioning Pennsylvania’s insurance licensees that in-person sales and brokerage are prohibited by Governor Wolf’s order closing all non-life sustaining businesses in the Commonwealth to slow the spread COVID-19. [read post]
30 Dec 2013, 11:39 am
The Reliance Estate, however, remains open and its assets, until November 4, 2013, included approximately 3,400 structured settlements of which approximately 3093 involve annuities issued by United Pacific Life Insurance Company, a former Reliance subsidiary which Reliance sold in 1993 and which is now known as Genworth Life Insurance Company. [read post]
18 Dec 2019, 4:00 pm
Substantiation – The employer must have reasonable procedures in place for verifying and substantiating enrollment in individual health insurance coverage. [read post]
5 May 2015, 3:26 pm
Among the more inventive claims in the MassHealth Essay are that the 1993 federal Medicaid trust law creates a presumption that all self-settled trusts are countable, that the intention of a settlor to have a trust be income-only is prohibited because the purposes for which a trust is established must be disregarded, that any trust can purchase an annuity and cause the principal to be paid to the income beneficiary, and that if a home is available for use by the settlor then it is… [read post]
5 May 2015, 3:26 pm
Among the more inventive claims in the MassHealth Essay are that the 1993 federal Medicaid trust law creates a presumption that all self-settled trusts are countable, that the intention of a settlor to have a trust be income-only is prohibited because the purposes for which a trust is established must be disregarded, that any trust can purchase an annuity and cause the principal to be paid to the income beneficiary, and that if a home is available for use by the settlor then it is… [read post]
