Throughout the report, where cited, RCW refers to the Revised Code of Washington, and WAC refers to Washington Administrative Code.
The examination covered the target company operations from the period January 1, 1995 through September 30, 1997.
The focus of the examination was the life insurance and annuity business, which encompassed the following areas of operations:
Individual long term disability claims
Individual and group long term disability complaints
HISTORY OF THE COMPANY
TERRITORY OF OPERATIONS
UNUM Life Insurance Company of America was admitted to the State of Washington August 30, 1971. They are a stock insurance company, are licensed for life and disability insurance in Washington and have authority for variable life and annuity products. Their taxable premium volume in 1997 in the State of Washington was $37,989,123.00. As of the examination date, they had 897 active agents appointed in Washington.
The Company was incorporated on August 24, 1966 and commenced business on September 3, 1966 in Maine. As of the examination date, the Company is licensed to do business in all states except New York as well as holding licenses in the District of Columbia, Puerto Rico and Canada.