UTAH · 2020. 7. 6. · Utah State Insurance Department 2016 Annual Report To: Governor Gary R. Herbert From: Commissioner Todd E. Kiser UTAH LIFE ELEVATED 2016 . Table of Contents

Utah State Insurance Department

2016 Annual Report

To: Governor Gary R. Herber t From: Commissioner Todd E. Kiser

UTAH L I F E E L E V A T E D

2016

Table of Contents

2016

Table of Contents i

I General Information Page Organizational Chart 1

Staff 2

Boards & Commission 5

Department Budget & Revenues 8

Captive Division Budget & Revenues 10

Fraud Division Budget & Revenues 12

Premium Tax Collections 14

Legislation 15

Rules & Bulletins 17

Financial Examinations 18

Statutory Deposits 19

Surplus Lines Company Premiums 20

New & Amended Certificates of Authority 21

Fraud Division 29

Rehabilitations / Liquidations 32

II Statistical and Financial Data Table A: Summary of Insurers Authorized to Write Insurance in Utah 33

Table B: Nationwide Operations of Utah Insurers 34

Table C: Summary of Utah Operations of All Insurers by Line 35

Table D: Market Share Reports 37

Table E: Fiscal Data of Property Insurers 78

Table F: Fiscal Data of Life & Accident & Health Insurers 103

Table G: Fiscal Data of Title Insurers 115

Table H: Fiscal Data of Fraternal Insurers 116

Table I: Fiscal Data of Motor Clubs 117

Table J: Fiscal Data of Health Statement Summary 118

III Directories Accredited Reinsurers 122

Domestic Insurers 123

Gap Waiver Providers 125

Health Discount Providers 127

Health Maintenance Organizations 130

Home Warranty Providers 131

Individual & Small Group Insurers 132

Licensed Insurers 133

Life Settlement Providers 170

Professional Employer Organizations 171

Risk Purchasing Groups 179

Risk Retention Groups 188

Service Contract Providers 190

Surplus Lines Companies 195

i

I

General Information

Insurance Department

2017 Organizational Chart

Commissioner

Todd Kiser

Deputy Commissioner

Brett BarrattAssistant Commissioner

Tanji Northrup

Executive Assistant

Jill White

Actuary

Tomasz Serbinowski

Health Actuary

Jaakob Sundberg

Health and Life Division Director

Nancy Askerlund

Producer Licensing Division Director

Randy Overstreet

Administrative Hearing Officer

Lisa Watts-Baskin

Exchange Liaison

Rules

Steve Gooch

Examination Division Director

Jake Garn

Captive Division Director

Travis Wegkamp

Fraud Division Director (off site)

Armand Glick

Market Conduct Division Director

Suzette Green-Wright

Property and Casualty Director

Tracy Klausmeier

Bail Bond Board

Property and Casualty Guaranty

Association

Title and Escrow Commission

Attorney General Enforcement

Council

Legislation

Risk Adjuster Board (RAB)

Life & Health Guaranty Association

Utah Health Information Network

(UHIN)

Health Care Working Group

General Counsel

Perri Babalis, Gary Josephson, Reed

Stringham

Public Information

Officer

Steve Gooch

Health Data Committee

Administration Division

Director

Patrick Lee

Affordable Care Act Coordinator

1

Insurance Department Staff (as of 12/31/2016)

Office of the Commissioner

Todd E. Kiser Commissioner

Brett Barratt Deputy Commissioner

Tanji Northrup Assistant Commissioner

Jill White Executive Assistant

Steve Gooch Information Specialist

Tomasz Serbinowski Actuary

Brett Randall Administrative Law Judge

Administration

Patrick Lee Director

Diane Candelario Office Clerk III

Ana Escobar Accounting Technician III

Marie Magre Financial Analyst III

Anna Weidauer Accounting Technician III

Captive Insurer Division

Travis Wegkamp Director

Mark Wiedeman Assistant Director

Kodie Peme Administrative Assistant

Laura Shepherd Senior Analyst

Heber Beddes Examiner/Analyst

Torann Bender Examiner/Analyst

Stephanie Liu Examiner/Analyst

Steven Price Examiner/Analyst

Grace Jing Reinhart Examiner/Analyst

Pamela Sanchez Examiner/Analyst

Financial Examination/Company Licensing Jacob Garn Chief Financial Examiner

Donald Catmull Assistant Chief Examiner

Dan Applegarth Chief Analyst

Joe Coccimiglio Licensing and Admin

David Flores Financial Examiner

Jaimee George Financial Analyst III

Kyle Hales Financial Analyst

Cory Larsen Financial Analyst

Dava Ann Neal Insurance Specialist

Luze Pierre Financial Examiner

Mike Porter Financial Examiner

Malis Rasmussen Manager, Examination

Natasha Robinson Financial Examiner

Shane Sadler Financial Examiner

Eric Showgren Manager, Company Licensing

Jay Sueoka Financial Analyst

2


Financial Examination/Company Licensing (continued)

Paul Throckmorton Financial Analyst III

Weimei Ye Manager, Analysis

Fraud Division

Armand Glick Director

Dwight Christensen Deputy Director

Reed Kartchner Deputy Director

Brett DeCow Investigator

Ryan Evans Investigator

Ginger Fitzgerald Legal Secretary

Steven Jentzsch Investigator

Jason Johnson Investigator

Lisa Peterson Legal Secretary

Jeffrey Remus Investigator

Daniel Rodriguez Investigator

Ned Shimizu Investigator

Rudy Vanbeekum Investigator

LuAnne Winters Information Specialist

Health & Life Division

Nancy Askerlund Director

Heidi Clausen Assistant Director

Carrie Blackburn Research Assistant

Julie Chytraus Insurance Specialist

Beth Crim Life Rate/Forms Analyst

Ramona Goodwin Health Form Analyst

Jeff Hawley Research Consultant

Brent Oscarson Health Form Analyst

Shane Rosenbaum Life Consumer Analyst

Heather Madsen-Trump Rate/Forms Analyst

Jaakob Sundberg Actuary

Marilyn Thorstensen Rate/Forms Analyst

Jordan Tolman Rate/Forms Analyst

Michelle White Health Consumer Service Analyst

Troy Wies Health Consumer Service Analyst

Market Conduct Division

Suzette Green-Wright Director

Jeanne Mitchell Administrative Assistant

Cathy Burton P&C, Bail Examiner

Jenifer Christian Health & Discount Plans Examiner

Sandy Glaze Health & PEO Examiner

Angie Watson Title & Escrow Examiner

Sandra Halladay P&C & PEO Examiner

3


Market Conduct Division (continued)

Adam Martin Title & Producer Licensing Examiner

Connie Nowland Life & Annuity Examiner

William Stimpson Life & Annuity Examiner

Producer Licensing

Randy Overstreet Director

Heidi Petermann Resident License Specialist

John Billups Nonresident License Specialist

Michael Covington Continuing Ed. Specialist

Karon Hardman Admin & Criminal Actions Specialist

Angie Martinez Renewal & Reinstatement Specialist

Property & Casualty

Tracy Klausmeier Director

Kathy Stajduhar Rate & Forms Specialist

Lydia Woltjen Consumer Service Representative

Meldee Love Consumer Service Analyst

Rena Oliver Rate & Forms Specialist

Bruce Vario Consumer Service Analyst

4

BOARDS & COMMISSIONS (as of 12/31/2016)

COMMERCIAL BAIL BOND SURETY OVERSIGHT BOARD Title 31A, Chapter 35, Part 1 - 7, Bail Bond Act

The Board is composed of seven voting members appointed by the commissioner for a four-

year term. Four members represent four bail bond surety companies, two represent the general

public, and one is an attorney. There is also one nonvoting staff member from the Insurance

Department. As of December 31, 2016 Bail Bond Board members included:

Board Members:

Brad Jenkins (Chair), bail bond surety company member

Gordon Wright (Vice Chair), bail bond surety company member

Ryan Cooper, bail bond surety company member

Clay Carlos, bail bond surety company member

Lieutenant Kati Booth, general public member

Peter Stevens, general public member

Stephen Aina, attorney member

Brett Barratt, non-voting member of the Insurance Department

Staff:

Perri Babalis, Assistant Attorney General

Cathy Burton, Market Conduct Analyst

Suzette Green-Wright, Market Conduct Director

Steve Gooch, Secretary

Duties of the Board are described in 31A-35-202, and include:

making recommendations for rules;

making recommendations regarding action against surety company licenses; and

conducting investigations of allegations of unprofessional conduct on part of bail bond licensees, and reporting results to the commissioner.

Meetings were held quarterly, on January 13, 2016, April 13, 2016, July 13, 2016 and November

2, 2016, from 12:00 Noon – 1:30pm, which is generally the second Wednesday of the month.

There was a supplementary meeting on March 23, 2016. Minutes of these meetings can be found

on the department's website at http://insurance.utah.gov/licensee/other/bail-bond/board/minutes.

5

http://insurance.utah.gov/licensee/other/bail-bond/board/minutes


TITLE AND ESCROW COMMISSION Title 31A, Chapter 2, Part 4, Title and Escrow Commission Act

The Commission "shall administer and enforce the provisions in Title 31A related to:

(a) title insurance; and

(b) escrow conducted by a title licensee or title insurer."

The Commission is composed of five members appointed by the governor for a four-year term

with the consent of the Senate. Four members must have or have had a title license and a search

and escrow license for at least five years, with each member from a different Utah county. One

member must represent the general public from any county. As of December 31, 2015 Title and

Escrow Commission members included:

Commission Members:

David Moore (Chair), Capstone Title & Escrow, Inc. (Salt Lake County)

Robert Rice (Vice Chair), Title Resources Guaranty Company (Ada County, ID)

Jeffery Wiener Old Republic Title Rocky Mountain Reg. (Salt Lake County)

Sylvia Anderson, Public Member (Salt Lake County)

Matthew Jagerson, Integrated Title Insurance Services (Utah County)

Staff:

Brett Barratt, Deputy Commissioner

Perri Babalis, AG Counsel

Suzette Green-Wright, Market Conduct Division Director

Randy Overstreet, Producer Licensing Division Director

Angie Watson, Title Marketing Examiner

Adam Martin, Market Conduct Examiner

Steve Gooch, Secretary

Duties of the Commission are described in 31A-2-404. They include:

make rules;

concur with issuance and renewal of licenses;

establish title license fees;

determine title assessment;

conduct administrative hearings not delegated to administrative law judge;

approve assets to be included in reserve fund;

approve continuing education programs;

impose penalties;

advise commissioner of title administrative and enforcement matters;

advise commissioner of title insurance matters dealing with department's budget; and

perform other duties as provided in Title 31A.

Meetings were held on the second Monday of the month except when a holiday fell on that date.

Minutes and attachments can be found on the department's website at http://insurance.utah.gov/licensee/title/tec/minutes.

6

http://insurance.utah.gov/licensee/title/tec/minutes


UTAH DEFINED CONTRIBUTION RISK ADJUSTER BOARD Title 31A, Chapter 42, Defined Contribution Risk Adjuster Act

The Board was created in 2009. The Utah Defined Contribution Risk Adjuster is a nonprofit

entity within the department. The Risk Adjuster Board is under the direction of a board of

directors composed of up to nine members. They are appointed for a four-year term by the

governor with the consent of the Senate. A board member may not serve more than two

consecutive terms. As of December 31, 2015, Risk Adjuster Board members were as follows:

Board Members:

Dave Jackson, (Chair) Representing individual employer

Kim Miller, Representing participating insurer in the defined contribution market and

insurer with small percentage of lives in the defined contribution market

[Vacant], Representing participating insurer in the defined contribution market

Jim Murray, Representing participating insurer in the defined contribution market

Patty Conner, Representing the Office of Consumer Health Services

Paul Anderton, Representing PEHP with actuarial experience

Tomasz Serbinowski, Actuary representing the Insurance Department

Staff:

Perri Babalis, Assistant Attorney General

Tanji Northrup, Assistant Insurance Commissioner

Nancy Askerlund, Health Division Director

Heidi Clausen, Assistant Health Division Director

Duties of the Board:

shall submit a plan of operation for the risk adjuster to the commissioner;

establish methodology for implementing the defined contribution arrangement market, and the participation of small employer groups defined contribution arrangement health

benefit plans;

establish regular times and places for board meetings;

management and reporting of financial transactions;

determine provisions necessary and proper for the execution of the powers and duties of the risk adjuster; and

establish procedures for incurred administrative expenses.

Meetings were held on the fourth Tuesday of each month. The agenda and minutes can be found

on the department's website at http://insurance.utah.gov/consumer/health/reform/rab.

7

http://insurance.utah.gov/consumer/health/reform/rab

Insurance Department Budget/Revenues FY2017 (7/1/2016 to 6/30/2017)

BUDGET AMOUNT TOTAL

Personal Services

Salaries & Benefits $5,779,300 $5,779,300

Travel Expenses

In-State Travel $1,700

Out-of-State Travel $111,700

Total $113,400 $113,400

Current Expense

Human Resource Services $47,600

Payroll Services $3,400

Wireless Communication $3,600

Advertising & Legal Publications $0

Communication Services $0

Other Contractual Servs-Nonmed $0

Postage & Mailing $4,700

Prof. & Tech, Servs/Nonmed $100

Attorney Fees $61,300

Witness Fee $0

Required Technical References $500

Credit Card Fees ($19,500)

Bottled Water Service $0

E-check Processing $0

Rent Parking (UTA bus passes) $13,700

Building & Grounds-Operating Supplies, Maint &

Repair $37,400

Building Maintenance $0

Household Laundry & Janitorial Supplies $0

Building Security $4,800

Office Supplies $10,200

Printing & Binding $3,800

Books & Subscriptions $200

Photocopy Expense $11,700

Small Office Equip Less Than

Insurance Department Budget/Revenues FY2017 (7/1/2016 to 6/30/2017)

AMOUNT TOTAL

Employee Training/Development $26,000

Employee Recognition Awards Non-Taxable $2,200

Reception & Meeting Costs $0

Membership Dues $5,500

Conventions & Workshops $10,000

Taxable Meal Allowance $0

Unclassified Other $2,600

Remodel & Improv. Current Expense $0

Recycling Cost $1,000

DTS Telecommunication Charges $53,000

Total $426,500 $426,500

DP Current Expense

DP Hardware

Captive Division Budget/Revenues FY2017 (7/1/2016 to 6/30/2017)

BUDGET AMOUNT TOTAL

Personal Services

Salaries & Benefits $897,600 $897,600

Travel Expenses

In-State Travel $100


Total $22,600 $22,600

Current Expense


Payroll Services $500

Wireless Communication Service $1,300

Postage & Mailing $0

Attorney Fees $0

Required Technical References $0

Parking Space Rent & Bus Pass Costs $200


Printing & Binding $0

Books & Subscriptions $1,700

Office Furnishing Less Than $5000 $700

Medical/Testing & Lab Supplies $1,400

Insurance & Bonds $13,100

Employee Training & Development $20,600

Exhibits, Displays & Awards $1,500

Membership Dues $300

Conventions & Workshops $21,100 Unclassified Other (captive

dissolutions) $0


Total $75,300 $75,300

DP Current Expense

DP Hardware

Captive Division Budget/Revenues FY2017 (7/1/2016 to 6/30/2017)

DP Capital Outlay AMOUNT T TOTAL

DP Database >$5,000 $0 $0

Capital Outlay DFCM Capital Project $0 $0

CAPTIVE DIVISION TOTAL $1,067,800 $1,067,800

REVENUES AMOUNT TOTAL Department Captive Fees $2,387,700 $2,387,700

11

Fraud Division Budget/Revenue FY2017 (7/1/2016 to 6/30/2017)

BUDGET AMOUNT TOTAL

Personal Services

Salaries & Benefits $1,237,400 $1,237,400

Travel Expenses

In-State Travel $5,400


Total $22,600 $22,600

Current Expense


Payroll Services $700

Fingerprint/Background Check $200

Wireless Communication Service $7,800

Communication Services $0

Freight & Drayage $0

Investigations $0

Other Contractual Services-Non Med $0

Postage & Mailing $400

Prof. & Tech, Servs/Nonmed $5,400

Attorney Fees $414,200

Janitorial Service Contract $0

Witness Fees $0

Bottled Water Service $100

Rental of Land & Buildings $36,400

Rental of Motor Pool Vehicles $77,300

Rent Parking (UTA bus passes) $0

Building Maintenance $29,700

Operating supplies for vehicles $14,100

Building Security $0


Printing & Binding $0

Educational & Recreational Supplies $100

Books & Subscriptions $0

Photocopy Expense $2,300

Small Office Equip. Less Than $5000 $23,400

Office Furnishings

Fraud Division Budget/Revenue FY2017 (7/1/2016 to 6/30/2017)

AMOUNT TOTAL

Video Supplies & Equipment $0

Purchasing Card Current Expenses $0

Claims & Damages $0

Insurance & Bonds $39,700

Employee Training & Development $2,200

Membership Dues $900

Conventions & Workshops $2,100

Professional Development/Trng $0

Unclassified Other $1,700

Personnel Protective Clothing & Equipment $0

Recycling Program Costs & Refund $0


Total $719,000 $719,000

DP Current Expense

DP Hardware

Premium Tax Collections

by Fiscal Year

FY 2016 FY 2015 FY 2014

Premium Taxes $112,408,326 $ 94,398,873 $ 92,299,293

Premium Tax

Refunds $ (750,083) $ (2,013,505) $ (1,086,796)

Employers'

Reinsurance $ 17,804,889 $ 17,050,475 $ 14,256,860

Fireman's Pension

Fund $ 8,894,980 $ 15,657,600 $ 13,740,105

Fire Academy

Support Fund —

Restricted

$ 4,447,488 $ 7,828,799 $ 6,870,054

Industrial Accident

Fund $ 2,985,868 $ 2,913,202 $ 2,455,365

Workers

Compensation

Premiums

$ 1,492,946 $ 1,456,602 $ 1,227,670

Uninsured Employers

Fund $ 2,182,856 $ 1,902,733 $ 870,022

Relative Value Study $ 121,027 $ 112,194 $ 107,405

TOTAL PREMIUM

TAX $149,588,297 $139,306,974 $130,739,977

14

Legislation

The following bills were passed during the 2016 Legislative Session. Each bill number is a link

to the enrolled, final version of the bill. Bills took effect May 10, 2016, unless specified

otherwise within the text of the bill.

The following may not be an all-inclusive list of insurance related bills passed in 2016.

The Department's bill is designated with "(Dept's bill)"

House Bills

HB 19: Expungement Amendments

HB 36: Insurance Revisions (Dept's bill) — Summary

HB 91: Insurance Rate Amendments

HB 113: Health Care Sharing Ministry Amendments

HB 116: Determination of Employer Status Amendments

HB 118: Public Access of Administrative Action Amendments

HB 163: Title Insurance Amendments

HB 174: Health Insurance -- Athletic Trainer Services

HB 199: Uniform Real Property Transfer on Death Act

HB 230: Workers' Compensation Fund Amendments

HB 231: Hospital Lien Law Amendments

HB 259: Substance Abuse Treatment Fraud

HB 264: End of Life Options Act

HB 282: State Contractor Employee Health Coverage Amendments

HB 297: Bail Bond Amendments

HB 302: Utah Medicaid Amendments

HB 323: Continuing Care Retirement Community Amendments

HB 364: Pharmacy Benefit Manager Amendments

HB 421: Insurance Changes

HB 424: Coordination of Health Insurance Benefit Amendments

HB 465: Expungement Act Amendments

15

http://le.utah.gov/~2016/bills/static/HB0019.htmlhttp://le.utah.gov/~2016/bills/static/HB0036.htmlhttp://insurance.utah.gov/wp-content/uploads/2017DeptBillSummary.pdfhttp://le.utah.gov/~2016/bills/static/HB0091.htmlhttp://le.utah.gov/~2016/bills/static/HB0113.htmlhttp://le.utah.gov/~2016/bills/static/HB0116.htmlhttp://le.utah.gov/~2016/bills/static/HB0118.htmlhttp://le.utah.gov/~2016/bills/static/HB0163.htmlhttp://le.utah.gov/~2016/bills/static/HB0174.htmlhttp://le.utah.gov/~2016/bills/static/HB0199.htmlhttp://le.utah.gov/~2016/bills/static/HB0230.htmlhttp://le.utah.gov/~2016/bills/static/HB0231.htmlhttp://le.utah.gov/~2016/bills/static/HB0259.htmlhttp://le.utah.gov/~2016/bills/static/HB0264.htmlhttp://le.utah.gov/~2016/bills/static/HB0282.htmlhttp://le.utah.gov/~2016/bills/static/HB0297.htmlhttp://le.utah.gov/~2016/bills/static/HB0302.htmlhttp://le.utah.gov/~2016/bills/static/HB0323.htmlhttp://le.utah.gov/~2016/bills/static/HB0364.htmlhttp://le.utah.gov/~2016/bills/static/HB0421.htmlhttp://le.utah.gov/~2016/bills/static/HB0424.htmlhttp://le.utah.gov/~2016/bills/static/HB0465.html

Legislation

Senate Bills

SB 11: Cancellation of Auto Insurance Coverage

SB 12: Passenger Carrier Requirements

SB 22: Foreclosure of Residential Rental Property

SB 50: Health Code Repealer

SB 70: Insurance Modifications

SB 76: Workers' Compensation for Volunteers

SB 77: Medicaid Expansion Proposal

SB 105: Bail Amendments

SB 138: Health Insurance Coverage for Emergency Care

SB 201: Transportation Network Company Amendments

SB 211: Private Use of Drones

SB 215: Motor Vehicle Insurance Amendments

SB 216: Workers' Compensation related Amendments

SB 3004: Continuing Care Retirement Community Amendments

16

http://le.utah.gov/~2016/bills/static/SB0011.htmlhttp://le.utah.gov/~2016/bills/static/SB0012.htmlhttp://le.utah.gov/~2016/bills/static/SB0022.htmlhttp://le.utah.gov/~2016/bills/static/SB0050.htmlhttp://le.utah.gov/~2016/bills/static/SB0070.htmlhttp://le.utah.gov/~2016/bills/static/SB0076.htmlhttp://le.utah.gov/~2016/bills/static/SB0077.htmlhttp://le.utah.gov/~2016/bills/static/SB0105.htmlhttp://le.utah.gov/~2016/bills/static/SB0138.htmlhttp://le.utah.gov/~2016/bills/static/SB0201.htmlhttp://le.utah.gov/~2016/bills/static/SB0211.htmlhttp://le.utah.gov/~2016/bills/static/SB0215.htmlhttp://le.utah.gov/~2016/bills/static/SB0216.htmlhttp://le.utah.gov/~2016S3/bills/static/SB3004.html

Rules & Bulletins

New Rules

R592-17, Requirements for Interest Bearing Accounts Used by Title Insurance Agencies for Trust Fund Deposits. Effective 3-16-2016.

R590-272, Commission Compensation Reporting. Effective 6-15-2016.

Revised Rules R590-267, Personal Injury Protection Relative Value Study Rule. Effective 1-1-2016.

R590-154, Unfair Marketing Practices Rule; Misleading Name. Effective 1-15-2016.

R590-164-6, Electronic Data Interchange Transactions. Effective 2-23-2016.

R590-228-9, Correspondence and Status Checks. Effective 3-23-2016.

R590-227, Submission of Annuity Filings. Effective 3-23-2016.

R590-226, Submission of Life Insurance Filings. Effective 3-23-2016.

R590-220-16, Classification of Documents. Effective 3-23-2016.

R590-167-11, Actuarial Certification and Additional Filing Requirements. Effective 3-23-2016.

R592-11, Title Insurance Producer Annual and Controlled Business Reports. Effective 4-15-2016.

R590-262, Health Data Authority Health Insurance Claims Reporting. Effective 5-23-2016.

R590-266, Utah Essential Health Benefits Package. Effective 5-23-2016.

R590-247, Universal Health Insurance Application Rule. Effective 6-15-2016.

R590-160, Administrative Proceedings. Effective 7-28-2016.

R590-262, Health Data Authority Health Insurance Claims Reporting. Effective 12-12-2016.

Repealed Rules R590-212, Requirements for Interest Bearing Accounts Used by Title Insurance Agencies

for Trust Fund Deposits. Effective 3-16-2016.

New Bulletins 2016-1: Health Insurers Offering Health Benefit Plans or Stand-Alone Dental Plans

2016-2: Extension of Transitional PPACA Plans

2016-2(a): Extension of Transitional PPACA Plans

2016-3: Surplus Lines Premium Tax and Filing Guidance

2016-4: Small Employer Participation Requirements

2016-5: Cash Bail

17

Financial Examinations

Completed or In Progress in 2016

Completed Examination

as of Date Date Filed

BridgeSpan Health Company 12/31/2014 6/28/2016

Casualty Underwriters Insurance Company 12/31/2014 6/3/2016

Educators Health Plans Life Accident &

Health 12/31/2014 3/28/2016

Educators Mutual Insurance Association 12/31/2014 3/28/2016

Equitable Life & Casualty Insurance

Company 12/31/2015 10/12/2016

Landcar Casualty Company 12/31/2014 3/17/2016

Landcar Life Insurance Company 12/31/2014 3/17/2016

Molina Healthcare of Utah, Inc. dba AmFam 12/31/2015 11/30/2016

Professional Insurance Exchange 12/31/2015 12/13/2016

Regence BCBS of Utah 12/31/2014 6/28/2016

Total Dental Administrators of Utah 12/31/2015 9/21/2016

In-Progress Examination

as of Date Start Date

Accendo Insurance Company 12/31/2015 10/3/2016

Aetna Health of Utah 12/31/2015 3/1/2016

Alpha Dental of Utah, Inc. 12/31/2015 11/7/2016

American Liberty Insurance Company* 3/1/2016 3/14/2016

Great Western Insurance Company 12/31/2016 10/3/2016

Health Choice of Utah 12/31/2015 9/28/2016

Humana Medical Plan of Utah, Inc. 12/31/2015 6/6/2016

Town & Country Life Insurance Co 12/31/2015 6/6/2016

United Healthcare of Utah, Inc. 12/31/2015 11/1/2016

*Limited Scope Exam

18

12/31/2016 Statutory Deposit Balances

5 STAR HOME WARRANTY INC. 10,000$

ACCENDO INSURANCE COMPANY 2,759,589$

ACCESS DENTAL PLAN OF UTAH, INC. 135,000$

AETNA HEALTH OF UTAH INC. 5,173,869$

ALPHA DENTAL OF UTAH, INC. 76,821$

ALPINE HOME WARRANTY LLC 11,619$

AMERICAN HOME SHIELD OF MAINE, INC 105,760$

AMERICAN LIBERTY INSURANCE CO 485,754$

ACCLAIMED HOME WARRANTEE LLC 10,024$

BEAR RIVER MUTUAL INSURANCE COMPANY 1,079,365$

BENEFICIAL LIFE INSURANCE COMPANY 1,512,797$

BPG HOME WARRANTY COMPANY 30,000$

BRIDGESPAN HEALTH COMPANY 2,099,772$

CASUALTY UNDERWRITERS INSURANCE COMPANY 1,107,341$

COMPREHENSIVE MOBILE PLAN UTAH, INC. 150,000$

DESERET MUTUAL INSURANCE COMPANY 1,510,892$

EDUCATORS HEALTH PLANS LIFE, ACCIDENT & HEALTH INC 472,669$

EDUCATORS MUTUAL INSURANCE ASSOCIATION 1,122,134$

EQUITABLE LIFE & CASUALTY INSURANCE COMPANY 3,331,149$

FIDELITY INVESTMENTS LIFE INSURANCE COMPANY 1,500,000$

FIRST AMERICAN HOME BUYERS PROTECTION CORP. 100,047$

GRANITE ALLIANCE INSURANCE COMPANY 550,205$

GREAT WESTERN INSURANCE COMPANY 735,078$

HEALTH CARE SERVICE CORPORATION, A MUTUAL LEGAL RESERVE COMPANY 475,000$

HEALTH CHOICE OF UTAH, INC. 552,733$

HSA HEALTH INSURANCE COMPANY 400,074$

HUMANA MEDICAL PLAN OF UTAH INC 1,891,044$

LANDCAR CASUALTY COMPANY 1,944,567$

LANDCAR LIFE INSURANCE COMPANY 1,535,111$

LIFE SETTLEMENTS INTERNATIONAL LLC 50,000$

MOLINA HEALTHCARE OF UTAH, INC. 3,642,795$

MY HOME WARRANTY 10,015$

OPTICARE OF UTAH 600,000$

PRIME ONE INSURANCE COMPANY 1,997,897$

PROFESSIONAL INSURANCE EXCHANGE MUTUAL, INC. 795,000$

REGENCE BLUE CROSS BLUE SHIELD OF UTAH 475,019$

SECURITY NATIONAL LIFE INSURANCE COMPANY 2,502,969$

SELECTHEALTH BENEFIT ASSURANCE COMPANY INC 1,273,310$

SELECTHEALTH INC 31,290,663$

SENTINEL SECURITY LIFE INSURANCE COMPANY 1,877,788$

STANDARD LIFE & CASUALTY INSURANCE COMPANY 1,479,117$

SELECT HOME WARRANTY LLC 10,000$

TDC SPECIALTY INSURANCE COMPANY 2,750,000$

THRIVENT FINANCIAL FOR LUTHERANS 469,172$

TOTAL DENTAL ADMINISTRATORS OF UTAH, INC 90,000$

TOWN & COUNTRY LIFE INSURANCE COMPANY 1,571,987$

UNITED DENTAL CARE OF UTAH, INC 25,001$

UNITED INSURANCE COMPANY 1,025,000$

UNITEDHEALTHCARE OF UTAH INC 4,587,273$

UNIVANTAGE INSURANCE COMPANY 495,880$

UNIVERSITY OF UTAH HEALTH PLANS 708,218$

UTAH BUSINESS INSURANCE COMPANY, INC 1,314,483$

WESTERN BONDING COMPANY 1,134,559$

WMI MUTUAL INSURANCE COMPANY 1,047,611$

WORKERS COMPENSATION FUND 399,563$

Total Statutory Deposits 92,491,734$

19

Surplus Lines Direct Premium Written

Year US Insurers Non US

Insurers Total

2016 $180,652,614 $68,321,134 $248,973,748

2015 $189,817,221 $58,038,871 $247,856,092

2014 $176,667,507 $50,654,644 $227,322,151

2013 $159,678,067 $58,690,084 $218,368,151

2012 $143,151,740 $40,154,668 $183,306,408

2011 $121,191,774 $38,294,345 $159,486,119

2010 $107,474,785 $38,696,559 $146,444,344

2009 $156,583,283

2008 $178,265,514

2007 $176,256,102

2006 $161,088,209

20

New & Amended Certificates of Authority 2016

Company Name Effective Type Home State

Add Lines of Authority

United Wisconsin Insurance Company 04/06/16 Prop&Casualty WI

Capitol Indemnity Company 05/17/16 Prop&Casualty WI

Atradius Trade Credit Insurance, Inc. 06/30/16 Prop&Casualty MD

State National Insurance Company, Inc. 07/02/16 Prop&Casualty TX

Aegis Security Insurance Company 07/12/16 Prop&Casualty PA

Farmers Mutual Hail Insurance Company of Iowa 08/09/16 Prop&Casualty IA

Plaza Insurance Company 10/31/16 Prop&Casualty IA

Watford Insurance Company 10/31/16 Prop&Casualty NJ

Accident Fund Insurance Company of America 11/01/16 Prop&Casualty MI

Accident Fund General Insurance Company 11/01/16 Prop&Casualty MI

Accident Fund National Insurance Company 11/01/16 Prop&Casualty MI

PrimeOne Insurance Company 12/06/16 Prop&Casualty UT

Application Withdrawn

All American Insurance Company 02/05/16 Prop&Casualty OH

Central Mutual Insurance Company 03/05/16 Prop&Casualty OH

Change of Control

RLI Indemnity Company 02/12/16 Prop&Casualty IL

Triton Insurance Company 02/02/16 Prop&Casualty TX

American Health and Life Insurance Company 02/12/16 Life TX

Executive Risk Specialty Insurance Company 02/10/16 Surplus Lines CT

Chubb Custom Insurance Company 02/10/16 Surplus Lines DE

Sparta Specialty Insurance Company 02/17/16 Surplus Lines CT

Chubb Indemnity Insurance Company 02/29/16 Prop&Casualty NY

Chubb National Insurance Company 02/29/16 Prop&Casualty LA

Executive Risk Indemnity, Inc. 02/29/16 Prop&Casualty DE

Great Northern Insurance Company 03/01/16 Prop&Casualty IN

Pacific Indemnity Company 03/01/16 Prop&Casualty WI

Vigilant Insurance Company 03/01/16 Prop&Casualty NY

Federal Insurance Company 03/01/16 Prop&Casualty NY

Symetra Life Insurance Company 03/10/16 Life IA

Symetra National Life Insurance Company 03/10/16 Life IA

T.H.E. Insurance Company 03/10/16 Prop&Casualty LA

MTL Insurance Company 03/29/16 Life IL

Standard Insurance Company 03/30/16 Life OR

Colorado Bankers Life Insurance Company 04/05/16 Life CO

Harleysville Insurance Company 04/06/16 Prop&Casualty PA

Harleysville Life Insurance Company 04/06/16 Life PA

Atlantic Casualty Insurance Company 04/14/16 Surplus Lines NC

PartnerRe America Insurance Company 04/14/16 Prop&Casualty DE

Symphonix Health Insurance Company 04/18/16 Life IL

Entitle Insurance Company 04/18/16 Title OH

PartnerRe Insurance Company of New York 04/19/16 Prop&Casualty NY

21


Change of Control (continued)

Partner Reinsurance Company of the U.S. 04/19/16 Prop&Casualty NY

Maiden Specialty Insurance Company 05/03/16 Surplus Lines NC

Rural Community Insurance Company 05/04/16 Prop&Casualty NE

Republic Underwriters Insurance Company 05/05/16 Prop&Casualty TX

Southern Insurance Company 05/05/16 Prop&Casualty TX

Rampart Insurance Company 05/12/16 Prop&Casualty NY

Sirius America Insurance Company 05/25/16 Prop&Casualty NY

Oakwood Insurance Company 06/02/16 Prop&Casualty TN

Security Life Insurance Company of America 07/05/16 Life MN

Century-National Insurance Company 08/08/16 Prop&Casualty CA

Life Equity LLC 08/08/16 Life Settlement OH

Intrepid Insurance Company 08/10/16 Prop&Casualty MI

Health Net Life Insurance Company 08/29/16 Life CA

Republic-Vanguard Insurance Company 08/29/16 Surplus Lines AZ

United Teacher Associates Insurance Company 09/06/16 Life TX

Continental General Insurance Company 09/06/16 Life OH

Constitution Life Insurance Company 09/20/16 Life TX

Pyramid Life Insurance Company 09/20/16 Life KS

American Phoenix Life and Reassurance Company 10/20/16 Life CT

PHL Variable Insurance Company 10/20/16 Life CT

Phoenix Life and Annuity Company 10/20/16 Life CT

Phoenix Life Insurance Company 10/20/16 Life CT

Generation Life Insurance Company 10/20/16 Life AZ

Metromile Insurance Company 11/28/16 Prop&Casualty DE

Direct National Insurance Company 11/30/16 Prop&Casualty AR

Direct General Life Insurance Company 11/30/16 Life SC

United National Specialty Insurance Company 12/05/16 Prop&Casualty TX

CIFG Assurance North America, Inc. 12/13/16 Prop&Casualty MD

Conversion (Mutual to Stock)

Delete Block of Business (partial withdrawal)

Delete Lines of Authority

Bankers Insurance Company 03/28/16 Prop&Casualty FL

Denied

Dissolution

Pacific Surety Company, Inc. 08/02/16 Prop&Casualty UT

Expansion-New to Utah (foreign co.)

Markel Bermuda Limited 01/01/16 Accrdtd Reins BERM/NJ

HayMarket Insurance Company 01/26/16 Accrdtd Reins NE

Stonetrust Commercial Insurance Company 03/28/16 Prop&Casualty IL

22


Expansion-New to Utah (foreign co.) (continued)

OBI America Insurance Company 04/13/16 Prop&Casualty PA

Atlantic Coast Life Insurance Company 04/14/16 Life SC

Bankers Fidelity Assurance Company 04/20/16 Life GA

Radnor Specialty Insurance Company 04/28/16 Prop&Casualty NE

Endurance Specialty Insurance Ltd. 04/28/16 Trusteed Reins BERM/DE

Radian Mortgage Guaranty, Inc. 05/04/16 Prop&Casualty PA

Commencement Bay Life Insurance Company 05/05/16 Life WA

CM Vantage Specialty Insurance Company 05/05/16 Surplus Lines WI

Agent Alliance Insurance Company 05/11/16 Surplus Lines AL

Mount Vernon Specialty Insurance Company 06/16/16 Surplus Lines NE

Central Mutual Insurance Company 07/12/16 Prop&Casualty OH

All American Insurance Company 07/12/16 Prop&Casualty OH

Citizens Security Life Insurance Company 08/15/16 Life KY

Validus Reinsurance (Switzerland) Ltd. 08/24/16 Trusteed Reins Swtzld/NJ

Sompo Japan Fire & Marine Ins. Co. of America 09/07/16 Prop&Casualty NY

Molina Healthcare of Texas Insurance Company 11/30/16 Health Org TX

Federated Reserve Insurance Company 12/07/16 Prop&Casualty MN

ARAG Insurance Company 12/14/16 Prop&Casualty IA

Helvetia Swiss Insurance Company in Liechtenstein Ltd. 12/21/16 Surplus Lines Liech/NY

Form A (Domestic)

United Dental Care of Utah, Inc. 03/01/16 Ltd Health Plan Utah

Acquired by Sun Life Financial, Inc.

And Sun Life Assurance Company of Canada

Merger

Express Scripts Insurance Company

into Medco Containment Life Insurance Company 01/28/16 Life AR

Charter National Life Insurance Company

into Allstate Life Insurance Company 02/01/16 Life IL

Alterra Excess & Surplus Insurance Company

into Evanston Insurance Company 02/02/16 Surplus Lines DE

PXRE Reinsurance Company

into Sparta Insurance Company 02/02/16 Prop&Casualty CT

Deerfield Insurance Company

into Markel Insurance Company 02/04/16 Prop&Casualty IL

Clarendon America Insurance Company

into Clarendon National Insurance Company 02/05/16 SL/Prop&Cas NJ

Assurance Company of America

into Maryland Casualty Company 02/10/16 Prop&Casualty NY

23


Merger (continued)

Northern Insurance Company of New York

into Maryland Casualty Company 02/10/16 Prop&Casualty NY

Maryland Casualty Insurance Company

into Zurich American Insurance Company 02/10/16 Prop&Casualty MD

Heritage Union Life Insurance Company

into Wilco Life Insurance Company 02/23/16 Life MN

American Safety Casualty Insurance

into TIG Insurance Company 07/11/16 Prop&Casualty CA

American Safety Indemnity Company

into TIG Insurance Company 07/11/16 Surplus Lines CA

Essex Insurance Company

into Evanston Insurance Company 07/11/16 Surplus Lines IL

Unione Italiana Reinsurance Company of America, Inc.

into Finial Reinsurance Company 10/03/16 Prop&Casualty CT

Universal Underwriters Life Insurance Company

into Zurich American Life Insurance Company 10/12/16 Life IL

Clearwater Insurance Company

into TIG Insurance Company 10/20/16 Prop&Casualty CA

CIFG Assurance North America, Inc.

into Assured Guaranty Corp. 12/13/16 Prop&Casualty CA

Bankers Standard Fire and Marine Company

into Bankers Standard Insurance Company 12/31/16 Prop&Casualty PA

Security Life Insurance of America

into Ameritas Life Insurance Corp. 12/31/16 Prop&Casualty NE

MISC

Name Change

RLI Indemnity Company

to Clear Blue Insurance Company 02/02/16 Prop&Casualty IL

RLI Indemnity Company

to Clear Blue Insurance Company 02/02/16 Prop&Casualty IL

Workers Compensation Fund

to Workers Compensation Fund DBS WCF Insurance 02/02/16 Prop&Casualty UT

24


Name Change (continued)

HDI-Gerling America Insurance Company

to HDI Global Insurance Company 02/10/16 Prop&Casualty IL

Sparta Specialty Insurance Company

to Safety Specialty Insurance Company 02/17/16 Surplus Lines MO

National Motor Club – Group Services, Inc.

to Pinnacle Motor Club, Inc. 03/10/16 Motor Club NV

AutoOne Insurance Company

to Maidstone Insurance Company 03/22/16 Prop&Casualty NY

MTL Insurance Company

to Mutual Trust Life Insurance Company,

A Pan-American Life Insurance Group Stock Company 03/29/16 Life IL

GM Motor Club, Inc.

to National General Motor Club, Inc. 04/07/16 Motor Club NC

Maiden Specialty Insurance Company

to Clear Blue Specialty Insurance Company 05/03/16 Surplus Lines NC

North Coast Life Insurance Company

to GPM Health & Life Insurance Company 07/06/16 Life WA

Endurance Reinsurance Corporation of America

to Endurance Assurance Corporation 08/15/16 Prop&Casualty DE

Underwriter for the Professions Insurance Company

to TDC National Assurance Company 08/25/16 Surplus Lines OR

Professionals Direct Insurance Company

to Watford Insurance Company 09/07/16 Prop&Casualty MI

Catamaran Insurance Company of Ohio

to Optum Insurance Company of Ohio 09/08/16 Life OH

Lyndon Property Insurance Company

to Protective Property & Casualty Insurance Company 09/20/16 Prop&Casualty MI

ATX Premier Insurance Company

to Windhaven National Insurance Company 11/03/16 Prop&Casualty TX

PMSLIC Insurance Company

to Norcal Specialty Insurance Company 11/07/16 Surplus Lines PA

Mosaic Insurance Company

to Metromile Insurance Company 11/28/16 Prop&Casualty DE

25


Merger (continued)

StarStone Insurance PLC

to StarStone Insurance SE 12/05/16 Alien Surplus UK

New Domestic (non-PEO)

New Professional Employee Organization (PEO)

Payday HR Connections 01/22/15 Small FL

Sheakley HR LLC 01/12/16 Accredited OH

Innovative Employer Solutions, Inc. 02/25/16 Small FL

ProService National, Inc. 03/31/16 Accredited HI

Greenwich Street Commercial Mortgage LLC 05/03/16 Standard DE

Dynamic HR Services LLC 05/03/16 Standard MI

Momentum Employer Group PEO LLC 05/03/16 Standard UT

Staffpay, Inc. 06/06/16 Small CA

Einstein PEO, Inc. 06/06/16 Small GA

Ataraxis Nevada, Inc. 06/27/16 Small NV

Modern HR, Inc. 06/27/16 Small CA

Creative Times Industries, LLC 08/15/16 Standard UT

TriNet HR XL 08/18/16 Accredited DE

Prestige Employee Administrators, Inc. 09/01/16 Small NY

Concurrent HRO LLC 11/14/16 Small CO

Midwest Ventures LLC 12/01/16 Small IL

PEO Other Changes - Add Group Member

Quality Payroll Services, Inc. 01/11/16 Standard UT

Added to Quality Payroll & Benefits (Primary)

Oasis Outsourcing Contract II, Inc. 03/22/16 Accredited FL

Added to Oasis Acquisition, Inc. (Primary)

Oasis Outsourcing Contract, Inc. 03/22/16 Accredited FL


Oasis Outsourcing Admin II, Inc. 03/22/16 Accredited FL


TriNet HR III-A, Inc. 04/19/16 Accredited CA

Added to TriNet HR III, Inc. (Primary)

SPC Utah LLC 05/18/16 Standard UT

Added to United Benefits Consulting, Inc. DBA Zamp HR (Primary)

Paychex PEO VI LLC 10/31/16 Standard NY

Added to Paychex Business Solutions, Inc. (Primary)

Paychex PEO VII LLC 10/31/16 Standard NY

Added to Paychex Business Solutions, Inc. (Primary)

26


PEO Other Changes – Accredited Group Member to Accredited Primary

Lyons HR 09/07/16 Accredited AL

PEO Other Changes –Accredited to Standard

C2 Essentials, Inc. 11/07/16 Standard VA

PEO Other Changes – Conversion (Small to Standard Org.)

Tilson HR, Inc. 03/16/16 Standard IN

PEO Other Changes – Small Group Member to Small Organization Peoplease LLC 10/01/16 Small SC

PEO Other Changes – Standard to Group Member

R.J. Payroll Services, Inc. 10/01/16 Standard UT

Added to Quality Payroll & Benefits

PEO – Application Withdrawn

PEO – Change of Control

Doherty Employment Group

by Oasis Outsourcing Companies 01/13/16 Accredited FL

PEO – Denied

PEO – Merge

Doherty Employment Group

with Oasis Acquisition 03/21/16 Accredited FL

Oasis Outsourcing VIII, Inc.

with Oasis Outsourcing Contract, Inc. 03/22/16 Accredited Grp FL

Oasis Outsourcing VII, Inc.

with Oasis Contract II, Inc. 03/22/16 Accredited Grp FL

Oasis Outsourcing II, Inc.

with Oasis Outsourcing Admin II, Inc. 03/22/16 Accredited Grp FL

PEO- Name Change

Doherty Employment Group, Inc.

to Oasis Acquisition, Inc. 08/29/16 Accredited Grp MN

PEO – Voluntary Nonrenewal/Surrender

Gevity HR LP 04/19/16 Accredited FL

Consolidated Personnel Services, Inc. 05/17/16 Small AZ

Harbor America Central, Inc. 09/14/16 Standard TX

Unlimited PEO Solutions 09/28/16 Small CA

Landrum Professional Employer Services, Inc. II 09/30/16 Accredited FL

Landrum Professional Employer Services, Inc. III 09/30/16 Accredited FL

Landrum Professional Employer Services, Inc. IV 09/30/16 Accredited FL

27


PEO – Voluntary Nonrenewal/Surrender (continued)

Landrum Professional Employer Services, Inc. V 09/30/16 Accredited FL

Kimstaff HR, Inc. 09/30/16 Accredited CA

Unique Staffing Leasing III, Ltd. 09/30/16 Small TX

NEXEO Holdings 11/03/16 Standard UT

NEXEO HR Solutions LLC 11/03/16 Standard UT

Re-Domestication

First Mercury Insurance Company 01/11/16 Surplus Lines IL to DE

Sparta Specialty Insurance Company 12/17/16 Surplus Lines CT to MO

Crum & Forster Specialty Insurance Company 02/04/15 Surplus Lines AZ to DE

Key Risk Insurance Company 03/01/16 Prop&Casualty NC to IA

Colorado Bankers Life Insurance Company 04/05/16 Life CO to NC

Allegheny Casualty Company 04/21/16 Prop&Casualty PA to NJ

American Healthcare Indemnity Company 05/02/16 Surplus Lines DE to OK

Sun Life and Health Insurance Company (US) 06/13/16 Life CT to MI

Old Republic Security Assurance Company 06/13/16 Prop&Casualty AZ to IL

Watford Insurance Company 09/07/16 Prop&Casualty MI to NJ

Genesis Insurance Company 09/15/16 Prop&Casualty CT to DE

Homesite Indemnity Company 10/13/16 Prop&Casualty KS to WI

Stonetrust Commercial Insurance Company 10/18/16 Prop&Casualty LA to NE

Homesite Insurance Company 10/24/16 Prop&Casualty CT to WA

Commercial Casualty Insurance Company 10/31/16 Prop&Casualty CA to IN

American Family Insurance Company 11/01/16 Prop&Casualty OH to WI

Seabright Insurance Company 11/03/16 Prop&Casualty IL to TX

National Casualty Company 11/28/16 Prop&Casualty WI to OH

United National Specialty Insurance Company 12/05/16 Prop&Casualty WI to TX

PrimeOne Insurance Company 12/06/16 Prop&Casualty MI to UT

ProSelect Insurance Company 12/07/16 Prop&Casualty MA to NE

Nationwide Insurance Company of America 12/07/16 Prop&Casualty WI to OH

Revoked

Lumbermen’s Underwriting Alliance 06/07/16 Prop&Casualty MO

Affirmative Insurance Company 12/06/16 Prop&Casualty IL

Suspended

American Medical and Life Insurance Company 07/09/15 Life NY

Voluntary Withdrawal

Legacy Benefits, LLC 01/05/16 Life Settlement UT

21st Century Insurance Company of the Southwest 02/08/16 Prop&Casualty TX

28

Insurance Department Fraud Division

Insurance Fraud:

o Insurance fraud is the 2nd most costly financial crime in the United States behind tax evasion o Quickly becoming a crime of choice for organized criminals due to its low risk and high rewards o Estimated annual loss — More than $120 billion

$40 billion — Property and Casualty (Source: FBI)

$80 billion — Health Care (Source: FBI)

o Insurance fraud impacts everyone

The Coalition Against Insurance Fraud estimates that up to 30% of a policy holder's insurance

premium is due to charges added to cover industry losses from insurance fraud.

o 41 states have created Insurance Fraud Investigation units to combat insurance fraud

Many, like Utah, are funded through assessments to the insurance industry while others are

funded through general taxpayer funds

Half have full law enforcement powers

IFD Organization:

o In 1995 the legislature granted authority to Insurance Commissioner to investigate violations of the

Insurance Fraud Act, and to employ certified law enforcement investigators. (31A-2-104)

o Funded through assessment to the Insurance Industry

Annual assessment revenues — $2.2 million

o Authorized to recover investigative costs from those charged with insurance fraud

Annual investigative cost revenues — $80,000 on average

o The Fraud Division consists of:

Director

10 investigators

3 support staff

3 assistant attorney general prosecutors (via contract)

o In 2017, the Fraud Division relocated into a state building (1385 S. State, Suite 110, SLC UT 84115).

This move resulted in an overall increase in space, new purpose-built space such as an evidence room

and interview rooms, and an annual cost savings of nearly $70,000.

Referrals:

o Most referrals come from the insurance industry through Special Investigative Units (SIU’s)

o Other sources include: law enforcement, the public, and discovery by IFD investigators during other

investigations

o The IFD receives nearly 800 referrals annually

Types of cases investigated:

o Insurance Agent and Bail Bond Agent Fraud

Stealing premiums

Insurance agent fails to send premiums to the underwriter and instead keep the

money for personal use

Identity theft

Insurance agent uses other person's ID to obtain better premium quotes for those with

poor credit ratings (increased business, qualify for bonuses and commissions)

Cross border sales

29


Selling insurance products not licensed in Utah (annuities, home warranties, etc.)

False insurance sales

Selling false insurance products to consumers (keeping premiums and issuing forged

certificates of insurance)

Creating false policies to collect undue commissions and bonuses

Theft by deception

Altering valid cancellation documents to predate the cancellation, resulting in

refunds the agent then keeps

o Property and Casualty

Past posting

Claiming accident, damage, or loss occurred while insured when no policy was in

place at time of incident

False vehicle thefts

False or inflated theft and burglary claims

False property loss claims

Adding false items or forging receipts to increase value of items stolen in a legitimate

loss

Staged accidents

Paper accidents — using previously damaged vehicles

Intentionally causing real accidents with others at fault

Passenger jump-ins — passengers not in car at time claiming injury from the

accident

False damage claims

Staged vandalisms

False or inflated damages due to disasters

False workers compensation or disability claims

Working while collecting payments

False injuries while at work

False injury claims

Staged slip and fall accidents or items found in food

o Health Care

Doctor shopping

Using insurance to pay for doctor visits and medications that are unnecessary or

would not have been prescribed had doctor known of prior prescription

Billing for services not provided

Using equipment not possessed

For services or equipment not provided

Up-coding a provided service to a higher level to increase insurance payments

Billing under another providers information to obtain higher payments than

otherwise due

Performing unnecessary medical procedures

30


Total Referrals – 787

Agent Fraud 66 False Auto Theft 58

Application Fraud 179 Staged Collisions 4

Healthcare 61 Forged Documents 25

Exaggerated Injuries 61 False Damages 52

Workers Compensation 37 Property & Casualty -

Other 159

False Property Theft 59

Agent Fraud9%

Application Fraud23%

Healthcare8%

Exaggerated Injuries8%Workers Compensation

5%

False Property Theft8%

False Auto Theft8%

Staged Collisions0%

Forged Documents3%

False Damages7%

Property & Casualty -Other21%

FY 2017 Referral Type

31

Rehabilitations/Liquidations

The Insurance Department regulates the business of insurance. It monitors the financial

condition of insurance companies incorporated in Utah. When an insurance company

becomes impaired, insolvent or engages in activity hazardous to the company, the

Insurance Commissioner is authorized to petition a Utah court to place the company into

formal rehabilitation or liquidation proceedings. Such proceedings are court-supervised

receiverships in which, as mandated by statute, the Insurance Commissioner is appointed

by the court to act in the capacity of a rehabilitator or a liquidator.

Once a court issues an order of rehabilitation or liquidation, the policyholders, creditors,

and other potential claimants are notified that the company has been placed into a formal

delinquency proceeding. If the company has been placed into liquidation, the Liquidator

receives and processes the claims of the company's policyholders, creditors, and other

potential claimants. The Liquidator also proceeds to marshal all assets of the company for

the benefit of policyholders, creditors, and other claimants.

Once the claims against the company are known and classified, and the assets available to

satisfy those claims are known, the claims are presented to and approved by the court.

Court approved claims are thereafter paid to the extent the assets will allow.

During 2016, the Utah Insurance Commissioner, acting as Liquidator, administered the

liquidation of the following Utah insurance companies:

National Annuity Company

Western Insurance Company

Wasatch Crest Mutual Insurance

Wasatch Crest Insurance Company

Arches Mutual Insurance Company

American Protectors Insurance Company o (liquidation re-opened in 2015)

During 2016, the Utah Insurance Commissioner, acting as Liquidator, continued with the

rehabilitation of:

Liberty First Risk Retention Group

During 2016, the Utah Insurance Commissioner, acting as Liquidator, closed the

liquidation proceeding for the estate of:

Southern American Insurance Company

Please go to the following link for further information about some of these companies.

http://www.utinsreceivers.org/

32

http://www.utinsreceivers.org/

II

Statistical & Financial Data

Company Type Domestic Foreign Alien Total

Accredited Reinsurer 0 18 12 30

Captive Insurer 399 0 0 399

Captive Insurer - Cell 72 0 0 72

Captive Insurer - Sponsored 5 0 0 5

Fraternal 0 2 0 2

GAP Waiver 4 57 0 61

Health Maintenance Org 8 0 0 8

Joint Underwriters 0 3 0 3

Life 9 256 1 266

Life Settlements 0 14 0 14

Limited Health Plan 6 0 0 6

Motor Club 0 22 1 23

Non-Profit Health Service 2 0 0 2

PX Drug Plan 0 2 0 2

Property and Casualty Insurer 8 634 0 642

Risk Retention Group 0 75 0 75

Service Contract Provider 10 155 0 165

Surplus Lines 0 143 25 168

Title 0 13 0 13

Sub-Total 523 1,394 39 1,956

Health Disc Program Marketer 4 23 0 27

Health Disc Program Operator 2 10 0 12

Home Warranty 9 19 0 28

Independent Review 2 11 0 13

PEO Accredited Grp Member 2 80 0 82

PEO Small Grp Member 1 15 0 16

PEO Standard Grp Member 50 39 0 89

Profess Emp. Org. Standard 33 30 0 63

Profess Emp. Org Accredited 0 34 0 34

Profess Emp. Org Small 0 44 0 44

Purchasing Group 10 252 0 262

Rate Service Organization 0 15 0 15

SUB-TOTAL 113 572 0 685

TOTAL 636 1,966 39 2,641

2016 - Table AInsurers Regulated by the Department

33

Table B2016 Summary of

Nationwide Operations of Utah Insurers

$6,417,505,065,833$404,619,391,387$588,742,474,743$650,903,361,718

$49,892,278,240

$1,631,179,438,763$705,767,298,742$416,264,017,035$253,813,383,081

$41,371,847,461

$671,498,774$369,115,232

$1,047,128,128$888,042,607

$13,503,883

$1,646,606,394$554,672,564

$4,069,593,938$3,784,668,784($167,623,260)

$6,188,446$4,610,940$9,388,447$5,501,141

$332,135

$141,344,717,168$13,267,688,095

$8,744,930,494$10,113,350,912

$820,414,660

$9,453,807,075$4,359,365,169

$12,756,333,556$663,790,021$896,048,830

$2,059,748,424$911,917,748

$1,674,467,145$995,209,259$113,021,326

$0$0$0$0$0

$8,203,867,070,877$1,129,854,059,877$1,033,308,333,486

$921,167,307,523$92,939,823,275

ASSETSCAPITAL AND SURPLUSPREMIUMS AND ANNUITY CONSIDERATIONSBENEFITS INCURREDGAIN FROM OPERATIONS

ASSETSCAPITAL AND SURPLUSPREMIUMS EARNEDNET INCURRED LOSSESNET INCOME

ASSETSCAPITAL AND SURPLUSPREMIUMS EARNEDNET INCURRED BENEFITSNET INCOME

ASSETSCAPITAL AND SURPLUSNET EARNED PREMIUMSBENEFITS INCURREDNET INCOME

ASSETSCAPITAL AND SURPLUSNET EARNED PREMIUMSBENEFITS INCURREDNET INCOME

ASSETSSPECIAL RESERVESPREMIUMS EARNEDBENEFITS INCURREDNET INCOME

ASSETSCAPITAL AND SURPLUSPREMIUMS EARNEDBENEFITS INCURREDNET INCOME

ASSETSNET WORTHMEMBERSHIP DUESNET INCURRED BENEFITSNET GAIN FROM OPERATION

ASSETSUNASSIGNED FUNDSPREMIUMS EARNEDBENEFITS INCURREDNET INCOME

ASSETSCAPITAL AND SURPLUSNET EARNED PREMIUMSNET INCURRED LOSSESNET INCOME

LIFE, ACCIDENT, AND HEALTH INSURERS

PROPERTY AND CASUALTY INSURERS

HOSPITAL, MEDICAL AND DENTAL SERVICE OR INDEMNITY (HMDI) CORPORATIONS

HEALTH MAINTENANCE ORGANIZATIONS (HMO)

LIMITED HEALTH SERVICES ORGANIZATION (LHSO)

FRATERNAL ORGANIZATIONS

TITLE INSURERS

MOTOR CLUBS

HEALTH INSURANCE POOL

TOTAL OF ALL INSURERS COMBINED

34

Table C2016 Summary of Utah Operations

of All Insurers By Line Of Insurance

ORDINARY LIFECREDIT LIFEGROUP LIFEINDUSTRIAL LIFEFRATERNAL LIFE INSURANCE

TOTAL LIFE INSURANCE:

LIFE ANNUITIES

ACCIDENT & HEALTH INSURANCE

INDIVIDUAL A & H TYPE POLICIES

HEALTH MAINTENANCE ORG. (HMO)LIMITED HEALTH SERVICES ORG.HEALTH INSURANCE POOLS

HOSPITAL, MEDICAL, AND DENTAL CORP. (HMDI)

TOTAL ACCIDENT & HEALTH:

Premiums Earned Benefits Incurred

Loss Ratio

$1,082,593,233

$8,882,045$1,317

$239,328,790$5,362,604

$2,195,419,260

$1,336,167,989

$808,362,790$2,282,219

$242,004,704$839,484

$3,173,283

$1,056,662,480

$601,417,175

$961,356,413

$3,640,505,041$9,238,642

$0

$1,026,944,932

$8,323,318,230

$927,023,657

$3,397,801,047$5,413,792

$0

$890,232,834

$6,712,220,011

96%

93%59%

0%

87%

81%

GROUP A & H

COLLECTIVELY RENEWABLE A & H


$57,348,141

$2,174

$73,267

$37,872,339

$6

$0

66%

0%

0%

FEDERAL EMPLOYEES HEALTH BENEFITS $9,612,254 $0 0%

LIFE, ACCIDENT AND HEALTH, AND FRATERNAL INSURANCELIFE

INDIVIDUAL A & H TYPE POLICIES $1,308,190 $428,044 33%COLLECTIVELY RENEWABLE A & H $0 $0 0%

FRATERNAL ANNUITIES $13,819,815 $1,844,821

TOTAL LIFE $11,868,725,294 $8,372,144,487

ANNUITIESPremiums Earned Benefits Incurred

TOTAL ANNUITIES: $2,209,239,075 $603,261,996

LIFE

FRATERNAL

PROPERTY

Premiums Earned Benefits Incurred

TOTAL LIFE A & H INSURANCE $3,576,594,261 $2,373,749,516 66%

TOTAL FRATERNAL A & H INSURANCE $1,308,190 $428,044 33%

CREDIT A & H, (GROUP AND IND.)

INDIVIDUAL A & H TYPE POLICIES

FEDERAL EMPLOYEES HEALTH BENEFITS$331,136

$11,045,713

$0$6,098

$6,719,361

$02%

61%

0%

TOTAL PROPERTY A & H INSURANCE $68,727,164 $44,597,804 65%

GROUP A & H

CREDIT A & H, (GROUP AND IND.)

$2,598,942,835

$6,609,492

$1,446,725,859

$0

56%

0%

MEDICARE TITLE XVIII EXEMPT FROM STATE TAXE $0 ($3,026) 0%

35

Table C2016 Summary of Utah Operations

of All Insurers By Line Of Insurance

FIRE AND ALLIED LINES: FIRE ALLIED LINES OCEAN MARINE INLAND MARINE

TOTAL FIRE AND ALLIED LINES:

MULTIPLE PERIL: MULTIPLE PERIL CROP FARMOWNERS MULTIPLE PERIL HOMEOWNERS MULTIPLE PERIL COMM. MULT. P. (NON-LIABILITY) COMM. MULT. P. (LIABILITY) MORTGAGE GUARANTY

TOTAL MULTIPLE PERIL:

AUTOMOBILE: PRIVATE PASSENGER AUTO NOFAULT OTHER PRIVATE PASSENGER AUTO COMMERICAL AUTO NOFAULT OTHER COMMERCIAL AUTO PRIVATE PASS. PHYSICAL DAMAGE COMM. AUTO PHYSICAL DAMAGE

TOTAL AUTOMOBILE:

ALL OTHER LINES:

FINANCIAL GUARANTY MEDICAL MALPRACTICE

EARTHQUAKE

WORKERS' COMPENSATION

OTHER LIABILITY

PRODUCTS LIABILITY

AIRCRAFT (ALL PERILS)

FIDELITY

SURETY

FEDERAL FLOOD

BURGLARY AND THEFT BOILER AND MACHINERY

CREDIT

TITLE

MOTOR CLUBS

R E P O R T T O T A L:

$67,929,449$37,236,822$10,324,364

$274,919,482

$159,428,847

$5,050,692$13,885,161

$487,599,389$139,991,134$112,261,291

$75,472,094

$834,259,761

$83,687,738$933,171,435

$3,616,915

$610,432,779$182,805,681

$68,957,303

$1,882,671,851

$3,162,637$46,078,964

$39,393,740

$435,427,958

$276,898,895

$18,197,784

$20,998,393

$6,565,491

$51,231,578

$1,961,803

$1,526,232$8,970,049

$11,966,001

$239,449,621

$12,305,198$18,119,489

$3,593,820$33,844,030

$67,862,537

$1,373,934$7,968,810

$301,050,574$89,640,245$52,616,898

$3,540,292

$456,190,753

$52,698,943$692,477,871

$995,903$117,410,186$420,096,241

$40,985,946

$1,324,665,090

$0$14,906,099

($4,609)

$237,106,401

$180,995,786

$1,646,775

$20,207,708

$5,117,660

$3,627,816

$91,924

$774,220$484,461

$7,492,936

$13,440,551

$12,693,414

$10,733,655,155

$24,120,826

$16,072,628,114

18%49%35%21%

25%

27%57%62%64%47%

5%

55%

63%74%28%64%69%59%

70%

0%32%

0%

54%

65%

9%

96%

78%

7%

5%

51%5%

63%

6%

53%

PROPERTY INSURANCE

PROPERTY

TOTAL PROPERTY $4,203,902,820 $2,361,510,668

TOTAL OTHER LINES: $1,212,051,726 $512,792,288 42%

48%

67%

Premiums Earned Benefits Incurred Loss Ratio

EXCESS WORKERS' COMPENSATION $4,077,359 ($103,972) -3%

WARRANTY $21,318,273 $14,263,280 67%

PRIVATE CROP $106,545 $49,151 46% PRIVATE FLOOD $599,577 $2,687 0%

36

Company Name

DirectPremiums

EarnedPercent

of MarketRank

Table D2016 Utah Market Share Report

AGGREGATE WRITE-INS

Guideone Specialty Mut Ins Co $656,93318.77%1Central States Ind Co Of Omaha $577,79216.51%2American Road Ins Co $459,42813.13%3Transamerica Cas Ins Co $372,85510.66%4Courtesy Ins Co $371,94210.63%5Esurance Ins Co $310,9748.89%6Triton Ins Co $168,8384.83%7St Paul Fire & Marine Ins Co $110,6803.16%8Great Amer Ins Co $108,7403.11%9RVI Amer Ins Co $67,6911.93%10Ace Amer Ins Co $61,2921.75%11Midwest Employers Cas Co $53,2131.52%12Allstate Prop & Cas Ins Co $50,1771.43%13Greenwich Ins Co $39,5731.13%14Allstate Ind Co $34,8641.00%15Allstate Ins Co $20,9950.60%16Pre Paid Legal Cas Inc $13,1390.38%17Allstate Vehicle & Prop Ins Co $10,3150.29%18American Bankers Ins Co Of FL $6,2940.18%19Yosemite Ins Co $2,2020.06%20

$3,497,937

22 $3,499,027

99.97%TOTAL FOR TOP RANKED INSURERS20

TOTAL FOR ALL INSURERS WRITING THIS LINE 100.00%

37

Company Name

DirectPremiums

EarnedPercent

of MarketRank


AIRCRAFT

Commerce & Industry Ins Co $3,049,82214.52%1Allianz Global Risks US Ins Co $2,035,1009.69%2XL Specialty Ins Co $1,927,8919.18%3Starr Ind & Liab Co $1,553,4637.40%4Endurance Amer Ins Co $1,530,6687.29%5Catlin Ins Co $1,493,2797.11%6QBE Ins Corp $1,105,9205.27%7Starnet Ins Co $903,6124.30%8Old Republic Ins Co $779,9583.71%9Great Amer Ins Co $729,8433.48%10American Alt Ins Corp $658,0693.13%11North Amer Elite Ins Co $653,2563.11%12Ace Amer Ins Co $591,0162.81%13Liberty Mut Ins Co $521,5132.48%14National Union Fire Ins Co Of Pitts $427,0072.03%15US Specialty Ins Co $390,7911.86%16Federal Ins Co $357,0871.70%17National Ind Co $319,7281.52%18State Natl Ins Co Inc $303,5121.45%19General Reins Corp $293,5881.40%20

$19,625,123

34 $20,998,393



38

Company Name

DirectPremiums

EarnedPercent

of MarketRank


ALLIED LINES

American Security Ins Co $6,987,83918.77%1Factory Mut Ins Co $5,032,49813.51%2Standard Guar Ins Co $2,307,4476.20%3Affiliated Fm Ins Co $2,036,1825.47%4Safeco Ins Co Of Amer $1,530,8784.11%5Zurich Amer Ins Co $1,350,6473.63%6Cincinnati Ins Co $1,063,8172.86%7United Serv Automobile Assn $955,5292.57%8American Natl Prop & Cas Co $921,9452.48%9Travelers Ind Co $825,8832.22%10Amco Ins Co $785,4362.11%11Foremost Ins Co Grand Rapids MI $676,7541.82%12Liberty Mut Fire Ins Co $672,4541.81%13USAA Cas Ins Co $593,0941.59%14Automobile Ins Co Of Hartford CT $570,7211.53%15Travelers Prop Cas Co Of Amer $561,7641.51%16Employers Mut Cas Co $496,4871.33%17HDI Global Ins Co $442,4871.19%18State Auto Prop & Cas Ins Co $399,9141.07%19XL Ins Amer Inc $363,8120.98%20

$28,575,588

194 $37,236,822



39

Company Name

DirectPremiums

EarnedPercent

of MarketRank


ANNUITIES

Allianz Life Ins Co Of N Amer $333,874,35015.11%1Jackson Natl Life Ins Co $166,416,1967.53%2Teachers Ins & Ann Assoc Of Amer $137,881,0436.24%3Security Benefit Life Ins Co $113,416,6485.13%4New York Life Ins & Ann Corp $104,123,8974.71%5American Gen Life Ins Co $95,553,5214.33%6Lincoln Natl Life Ins Co $76,760,9933.47%7Athene Ann & Life Co $71,069,8083.22%8American Equity Invest Life Ins Co $65,448,5462.96%9Pruco Life Ins Co $53,766,9872.43%10Great Amer Life Ins Co $52,212,7252.36%11AXA Equitable Life Ins Co $47,650,4632.16%12American United Life Ins Co $45,223,1422.05%13Variable Ann Life Ins Co $44,324,5542.01%14Transamerica Life Ins Co $42,194,8331.91%15Forethought Life Ins Co $39,069,8931.77%16Prudential Ins Co Of Amer $35,668,0301.61%17Voya Ins & Ann Co $34,812,7571.58%18Midland Natl Life Ins Co $34,679,3401.57%19Symetra Life Ins Co $33,370,5371.51%20

$1,627,518,263

173 $2,209,239,075



40

Company Name

DirectPremiums

EarnedPercent

of MarketRank


COMMERCIAL AUTO

Owners Ins Co $17,584,9376.89%1Great West Cas Co $16,393,7866.42%2United Financial Cas Co $15,828,6906.20%3Cincinnati Ins Co $9,674,6863.79%4National Union Fire Ins Co Of Pitts $7,335,6622.87%5National Cas Co $7,006,1312.74%6Ohio Security Ins Co $6,353,8442.49%7Zurich Amer Ins Co $6,206,6822.43%8National Interstate Ins Co $6,124,3852.40%9Northland Ins Co $5,672,8122.22%10Sentry Select Ins Co $5,433,0482.13%11Acuity A Mut Ins Co $4,874,4961.91%12Employers Mut Cas Co $4,663,8541.83%13Truck Ins Exch $4,044,4711.58%14Travelers Prop Cas Co Of Amer $3,860,8821.51%15National Ind Co $3,837,6981.50%16Empire Fire & Marine Ins Co $3,515,0001.38%17Peerless Ind Ins Co $3,477,1281.36%18Mid Century Ins Co $3,353,5711.31%19Milwaukee Cas Ins Co $3,251,1551.27%20

$138,492,918

260 $255,379,899



41

Company Name

DirectPremiums

EarnedPercent

of MarketRank

Table D2016 Utah Market Share ReportPRIVATE PASSENGER AUTO

State Farm Mut Auto Ins Co $256,470,56015.76%1Mid Century Ins Co $169,308,38710.40%2Allstate Fire & Cas Ins Co $120,593,4057.41%3Bear River Mut Ins Co $91,655,9705.63%4Geico Cas Co $85,455,1545.25%5Progressive Classic Ins Co $69,191,1684.25%6Progressive Direct Ins Co $68,363,3804.20%7State Farm Fire & Cas Co $36,812,1282.26%8American Family Mut Ins Co $34,081,8712.09%9Farm Bureau Prop & Cas Ins Co $33,963,5282.09%10Allstate Ins Co $32,066,3811.97%11Geico Gen Ins Co $29,152,3471.79%12USAA Cas Ins Co $27,632,6321.70%13LM Gen Ins Co $27,139,4041.67%14Auto Owners Ins Co $25,756,1381.58%15United Serv Automobile Assn $25,578,3631.57%16Safeco Ins Co Of IL $24,802,1391.52%17Metropolitan Grp Prop & Cas Ins Co $19,708,3621.21%18Esurance Ins Co $17,097,4811.05%19United Ins Co $16,260,2091.00%20

$1,211,089,007

142 $1,627,291,952



42

Company Name

DirectPremiums

EarnedPercent

of MarketRank

Table D2016 Utah Market Share ReportBOILER AND MACHINERY

Factory Mut Ins Co $1,905,07621.24%1XL Ins Amer Inc $795,2098.87%2Affiliated Fm Ins Co $730,7438.15%3National Union Fire Ins Co Of Pitts $603,2696.73%4Travelers Prop Cas Co Of Amer $538,2136.00%5Zurich Amer Ins Co $371,2634.14%6Liberty Mut Fire Ins Co $274,7653.06%7Cincinnati Ins Co $260,8222.91%8Granite State Ins Co $234,7392.62%9Federal Ins Co $225,8222.52%10Amco Ins Co $215,5022.40%11Westport Ins Corp $209,9182.34%12Employers Mut Cas Co $204,1102.28%13American Home Assur Co $191,4422.13%14Depositors Ins Co $175,5741.96%15Mutual Of Enumclaw Ins Co $152,0651.70%16Hartford Steam Boil Inspec & Ins Co $125,6331.40%17Allianz Global Risks US Ins Co $120,6861.35%18Acuity A Mut Ins Co $116,0561.29%19Great Northern Ins Co $107,5791.20%20

$7,558,486

126 $8,970,049



43

Company Name

DirectPremiums

EarnedPercent

of MarketRank


BURGLARY AND THEFT

Travelers Cas & Surety Co Of Amer $422,74727.70%1Hiscox Ins Co Inc $188,49612.35%2National Union Fire Ins Co Of Pitts $181,19711.87%3Zurich Amer Ins Co $102,7006.73%4Federal Ins Co $95,2186.24%5Cincinnati Ins Co $67,1954.40%6US Specialty Ins Co $63,5224.16%7Nationwide Mut Ins Co $58,1023.81%8Hanover Ins Co $57,8943.79%9Continental Cas Co $27,9981.83%10Hartford Fire In Co $20,8361.37%11Universal Underwriters Ins Co $17,0441.12%12American Family Mut Ins Co $16,4071.08%13Ace Amer Ins Co $16,3901.07%14Pacific Ind Co $15,4971.02%15Westchester Fire Ins Co $12,2400.80%16The Cincinnati Ind Co $11,9770.78%17Travelers Prop Cas Co Of Amer $10,5110.69%18XL Ins Amer Inc $10,4590.69%19Federated Mut Ins Co $8,5820.56%20

$1,405,012

84 $1,526,232



44

Company Name

DirectPremiums

EarnedPercent

of MarketRank



Life Of The South Ins Co $57,32675.99%1Washington Natl Ins Co $4,8086.37%2Mutual Of Omaha Ins Co $3,6674.86%3Horace Mann Life Ins Co $2,8633.80%4Union Fidelity Life Ins Co $2,4943.31%5National Cas Co $2,0972.78%6Combined Ins Co Of Amer $1,1671.55%7Primerica Life Ins Co $3340.44%8Bankers Life & Cas Co $2880.38%9Unified Life Ins Co $2230.30%10Government Employees Ins Co $770.10%11Professional Ins Co $700.09%12Standard Life & Accident Ins Co $200.03%13Trustmark Ins Co $70.01%14

$75,441

14 $75,441



45

Company Name

DirectPremiums

EarnedPercent

of MarketRank


COMMERCIAL MULTI-PERIL

Owners Ins Co $18,817,3937.46%1Travelers Cas Ins Co Of Amer $11,531,4254.57%2Ohio Security Ins Co $11,321,6434.49%3State Farm Fire & Cas Co $10,830,1004.29%4Cincinnati Ins Co $8,493,8493.37%5Philadelphia Ind Ins Co $6,884,6772.73%6American Family Mut Ins Co $6,405,0792.54%7Auto Owners Ins Co $6,246,7312.48%8Fire Ins Exch $5,418,2872.15%9Charter Oak Fire Ins Co $5,359,2102.12%10Amco Ins Co $5,258,6672.08%11Truck Ins Exch $5,246,3952.08%12Federal Ins Co $4,957,1711.97%13Depositors Ins Co $4,824,4911.91%14Travelers Prop Cas Co Of Amer $4,785,0301.90%15Acuity A Mut Ins Co $4,738,8681.88%16Farmers Ins Exch $4,540,7521.80%17Sentinel Ins Co Ltd $4,540,6101.80%18Ace Amer Ins Co $4,500,8971.78%19CSE Safeguard Ins Co $4,312,5931.71%20

$139,013,868

228 $252,252,425



46

Company Name

DirectPremiums

EarnedPercent

of MarketRank


CREDIT

American Natl Prop & Cas Co $5,339,14544.62%1Euler Hermes N Amer Ins Co $2,914,34524.36%2First Colonial Ins Co $801,7936.70%3Ohio Ind Co $628,6715.25%4Great Amer Ins Co $436,9703.65%5US Specialty Ins Co $305,1372.55%6Atlantic Specialty Ins Co $289,6382.42%7Coface N Amer Ins Co $272,9212.28%8American Bankers Ins Co Of FL $180,6261.51%9Cumis Ins Society Inc $158,5981.33%10Great Amer Assur Co $141,9931.19%11Arch Ins Co $113,6650.95%12Virginia Surety Co Inc $107,2950.90%13Transamerica Cas Ins Co $87,6790.73%14Ace Amer Ins Co $52,6190.44%15Old Republic Ins Co $28,9830.24%16American Security Ins Co $23,9780.20%17QBE Ins Corp $23,2100.19%18Atradius Trade Credit Ins Co $22,9200.19%19State Natl Ins Co Inc $17,5670.15%20

$11,947,753

26 $11,966,001



47

Company Name

DirectPremiums

EarnedPercent

of MarketRank


CREDIT A & H

CMFG Life Ins Co $4,244,20661.15%1Transamerica Life Ins Co $1,230,00617.72%2American Natl Ins Co $403,4845.81%3American Hlth & Life Ins Co $243,8723.51%4Central States Ind Co Of Omaha $234,2953.38%5Landcar Life Ins Co $181,4422.61%6Protective Life Ins Co $70,6491.02%7American Bankers Ins Co Of FL $58,5300.84%8American Republic Ins Co $53,5480.77%9Life Of The South Ins Co $51,5050.74%10Central States H & L Co Of Omaha $33,4430.48%11State Farm Mut Auto Ins Co $28,8700.42%12Minnesota Life Ins Co $24,3770.35%13Guarantee Trust Life Ins Co $20,3430.29%14American Bankers Life Assur Co Of FL $16,3680.24%15Pavonia Life Ins Co of MI $13,1150.19%16American Modern Life Ins Co $8,7570.13%17American Underwriters Life Ins Co $7,5890.11%18American Security Ins Co $5,5630.08%19Transamerica Cas Ins Co $3,8780.06%20

$6,933,840

26 $6,940,628



48

Company Name

DirectPremiums

EarnedPercent

of MarketRank


CREDIT LIFE

CMFG Life Ins Co $3,835,59871.52%1Transamerica Life Ins Co $599,45211.18%2American Natl Ins Co $329,9826.15%3Central States H & L Co Of Omaha $191,4313.57%4Life Of The South Ins Co $117,9562.20%5American Hlth & Life Ins Co $117,1122.18%6American Bankers Life Assur Co Of FL $62,1721.16%7Minnesota Life Ins Co $61,7641.15%8American Modern Life Ins Co $16,9800.32%9Pavonia Life Ins Co of MI $12,4390.23%10American Republic Ins Co $12,0620.22%11Protective Life Ins Co $7,1570.13%12Transamerica Premier Life Ins Co $3,5630.07%13American Underwriters Life Ins Co $2,7280.05%14Merit Life Ins Co $2,1880.04%15Zale Life Ins Co $1,8760.03%16Securian Life Ins Co $1130.00%17American Heritage Life Ins Co ($6)0.00%18Guarantee Trust Life Ins Co ($2,982)-0.06%19Landcar Life Ins Co ($8,981)-0.17%20

$5,362,604

20 $5,362,604



49

Company Name

DirectPremiums

EarnedPercent

of MarketRank


MULITPLE PERIL CROP

Ace Prop & Cas Ins Co $1,681,44333.29%1American Agri Business Ins Co $1,257,54024.90%2Western Agric Ins Co $1,131,84522.41%3NAU Country Ins Co $471,2969.33%4US Specialty Ins Co $254,1965.03%5Indemnity Ins Co Of North Amer $177,3793.51%6Agri Gen Ins Co $63,2231.25%7Great Amer Ins Co $33,2970.66%8Rural Comm Ins Co ($19,527)-0.39%9

$5,050,692

9 $5,050,692



50

Company Name

DirectPremiums

EarnedPercent

of MarketRank


PRIVATE CROP

American Agri Business Ins Co $31,22729.31%1Ace Prop & Cas Ins Co $24,14322.66%2Rural Comm Ins Co $20,21418.97%3Western Agric Ins Co $14,72113.82%4NAU Country Ins Co $14,15613.29%5Indemnity Ins Co Of North Amer $1,9581.84%6Agri Gen Ins Co $1260.12%7

$106,545

7 $106,545



51

Company Name

DirectPremiums

EarnedPercent

of MarketRank


EARTHQUAKE

State Farm Fire & Cas Co $9,540,59824.22%1Farmers Ins Exch $5,184,48313.16%2Fire Ins Exch $3,475,1228.82%3Zurich Amer Ins Co $2,247,8215.71%4United Serv Automobile Assn $2,144,4105.44%5USAA Cas Ins Co $1,175,8302.98%6American Family Mut Ins Co $1,161,8292.95%7Westport Ins Corp $932,4832.37%8CSAA Gen Ins Co $925,8342.35%9Pacific Ind Co $727,3791.85%10Insurance Co Of The West $684,9581.74%11Pacific Specialty Ins Co $620,8961.58%12Owners Ins Co $612,5701.55%13XL Ins Amer Inc $555,6261.41%14Continental Cas Co $554,0801.41%15Amco Ins Co $544,9351.38%16Liberty Mut Fire Ins Co $503,5081.28%17Teachers Ins Co $435,2381.10%18Metropolitan Grp Prop & Cas Ins Co $431,1111.09%19American Natl Prop & Cas Co $427,2361.08%20

$32,885,947

112 $39,393,740



52

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FARMOWNERS MULTIPLE PERIL

Farm Bureau Prop & Cas Ins Co $5,539,58039.90%1Nationwide Agribusiness Ins Co $2,140,29115.41%2State Farm Fire & Cas Co $1,488,80110.72%3National Farmers Union Prop & Cas $914,5566.59%4Mutual Of Enumclaw Ins Co $833,9736.01%5Peerless Ind Ins Co $579,0864.17%6American Family Mut Ins Co $519,3133.74%7Travelers Ind Co Of Amer $402,8232.90%8Western Agric Ins Co $380,3662.74%9Colorado Cas Ins Co $241,7851.74%10United Heritage Prop & Cas Co $203,8271.47%11Travelers Ind Co $175,5401.26%12Great Amer Ins Co $94,4980.68%13Charter Oak Fire Ins Co $77,1370.56%14Indemnity Ins Co Of North Amer $68,0160.49%15National Surety Corp $50,8840.37%16Markel Ins Co $42,8430.31%17Great Amer Alliance Ins Co $35,7000.26%18Sublimity Ins Co $31,8810.23%19Firemans Fund Ins Co $21,5100.15%20

$13,842,410

27 $13,885,161



53

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FEDERAL EMPLOYEES HEALTH BENEFITS PROGRAM PREMIUM

Aetna Life Ins Co $9,612,254100.00%1

$9,612,254

1 $9,612,254



54

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FIDELITY

Travelers Cas & Surety Co Of Amer $1,471,98022.42%1Cumis Ins Society Inc $823,01312.54%2Federal Ins Co $777,50311.84%3National Union Fire Ins Co Of Pitts $546,3878.32%4Western Surety Co $334,8325.10%5Great Amer Ins Co $270,4164.12%6Continental Cas Co $243,0293.70%7Westchester Fire Ins Co $220,7723.36%8Hartford Fire In Co $131,6122.00%9Starr Ind & Liab Co $108,5711.65%10Colonial Surety Co $91,9041.40%11Southwest Marine & Gen Ins Co $89,4881.36%12Berkley Regional Ins Co $84,4611.29%13Everest Natl Ins Co $75,6281.15%14Zurich Amer Ins Co $73,6011.12%15Cincinnati Ins Co $66,2991.01%16Hanover Ins Co $57,1390.87%17Axis Ins Co $55,2900.84%18Liberty Mut Ins Co $53,6250.82%19Ohio Cas Ins Co $53,3930.81%20

$5,628,943

98 $6,565,491



55

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FINANCIAL GUARANTY

Assured Guar Municipal Corp $1,686,67753.33%1Ambac Assur Corp $530,72616.78%2MBIA Ins Corp $424,48313.42%3Assured Guar Corp $250,3227.91%4National Public Finance Guar Corp $196,5176.21%5Syncora Guar Inc $72,6112.30%6Municipal Assur Cor $1,3010.04%7

$3,162,637

7 $3,162,637



56

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FIRE

American Security Ins Co $25,249,76137.17%1Affiliated Fm Ins Co $3,928,2885.78%2Auto Owners Ins Co $3,720,6255.48%3CSE Safeguard Ins Co $2,901,3394.27%4Factory Mut Ins Co $2,397,5823.53%5Travelers Prop Cas Co Of Amer $2,209,9333.25%6Liberty Mut Fire Ins Co $1,814,6062.67%7Bear River Mut Ins Co $1,784,6382.63%8Zurich Amer Ins Co $1,700,1042.50%9American Home Assur Co $1,564,6782.30%10Cincinnati Ins Co $1,357,7342.00%11XL Ins Amer Inc $1,028,3921.51%12Standard Guar Ins Co $991,5071.46%13Allianz Global Risks US Ins Co $892,7321.31%14Foremost Ins Co Grand Rapids MI $833,6561.23%15Safeco Ins Co Of Amer $828,4101.22%16Travelers Ind Co $819,9201.21%17Automobile Ins Co Of Hartford CT $816,8321.20%18HDI Global Ins Co $664,2310.98%19Westport Ins Corp $654,1150.96%20

$56,159,083

195 $67,929,449



57

Company Name

DirectPremiums

EarnedPercent

of MarketRank


FEDERAL FLOOD

Hartford Ins Co Of The Midwest $311,59115.88%1USAA Gen Ind Co $239,93312.23%2Fire Ins Exch $219,04211.17%3American Bankers Ins Co Of FL $215,58410.99%4Allstate Ins Co $181,5859.26%5Auto Owners Ins Co $146,6317.47%6Wright Natl Flood Ins Co $114,3415.83%7Philadelphia Ind Ins Co $79,1444.03%8American Family Mut Ins Co $64,0363.26%9Selective Ins Co Of NY $61,5753.14%10Nationwide Mut Fire Ins Co $49,5222.52%11Metropolitan Prop & Cas Ins Co $41,3602.11%12Liberty Mut Fire Ins Co $38,588