Booker company insurance t washington

Universal Life Insurance Company was originally a wholly owned subsidiary of Protective Industrial Life Insurance Company. In 2004, after Booker T. Washington Insurance Company, Inc. purchased Protective Industrial Life, Protective merged with its subsidiary and Universal Life became the surviving entity. Located in Birmingham, Alabama, Universal Life offers life, accident, and health coverage and was licensed in 10 states and the District of Columbia. The company was ordered into Rehabilitation on April 24, 2009. Its parent, Booker T. Washington Insurance Company, Inc. was ordered into Rehabilitation on February 22, 2006.

The Rehabilitator of Universal Life and Booker T. Washington entered into coinsurance/reinsurance agreements with North Carolina Mutual Life Insurance Company covering 100% of the liabilities arising on or after January 1, 2008 on its premium paying whole life policies. Assumption certificates have been issued to over 48,000 policyholders, with approximately 1,100 still to be issued.

An Amended Rehabilitation Plan was approved by the Jefferson County, Alabama, Circuit Court on August 13, 2009. The Jefferson County, Alabama, Circuit Court issued an order of liquidation on May 5, 2010. The deadline for filing a proof of claim with the Receiver is May 5, 2011.

Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The drop-down menu below will take you to your state association's Web site, which provides answers to frequently asked questions and contact information.

For policyholder inquiries, call the company at 205-328-5454.

If you are unsure whom to contact with your questions, please e-mail us here. and we will forward your message to the appropriate party.

An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.

The domiciliary state is the state in which an insurance company is incorporated or organized.

© 2001-2017 All Rights Reserved. The National Organization of Life & Health Insurance Guaranty Associations

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