![]() The data presented on this page does not represent the view of EMC National Life and its employees or that of Zippia.ĮMC National Life may also be known as or be related to EMC National Life and EMC National Life Company. Retired EVP, CFO & Treasurer at EMC National Life Company Dallas County, Iowa, United States. None of the information on this page has been provided or approved by EMC National Life. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Began writing reinsurance Created EMC Re 1951 1981 EMC Insurance Companies (EMCC) 2021 Earned Premium 1,804.4M Total Assets 5,097.9M Liabilities 3,360.6M Surplus 1,737.3M AM Best Rating A (Excellent) All figures as of Dec. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. All reinsurance is written on EMCC paper and assumed by EMC Re via a 100 quota share. ![]() The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at EMC National Life. ©2021 National Association of Insurance Commissioners 1 Life LIFE, ACCIDENT AND HEALTH/FRATERNAL INSURERS COMPANY NAME: NAIC Company Code: Contact. Questions concerning this bulletin should be directed to Kim Hunter, General Counsel, at Molly Clinkscales, Assistant General Counsel, at and/or the Oklahoma Insurance Department located at 400 NE 50 th Street, Oklahoma City, OK 73105-1816.Zippia gives an in-depth look into the details of EMC National Life, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EMC National Life. However, until clarification on the Standard Nonforfeiture Law’s impact on such endorsements is received, future ECSV endorsement filings will not be approved by the Department. The National Council of Insurance Legislators (“NCOIL”) is also reviewing this matter.ĮCSV endorsements filed by life insurers with the Department in the past were approved for use. 1 Relating to Insurance) Prohibits rescission of coverage under health benefit plans in most circumstances. In order to relieve this concern, the Insurance Commissioner has requested that the NAIC Life Insurance and Annuities (A) Committee and NAIC Life Actuarial (A) Task Force clarify whether the ECSV endorsements violate the Standard Nonforfeiture Law. There is an ongoing and increasing concern that ECSV endorsements offered to policyholders of universal life insurance policies conflict with the smoothness requirement and are therefore in violation of the Standard Nonforfeiture Law. The smoothness requirement, applied in addition to mandated minimum values, serves to avoid erratic cash values and the offering of discontinuous benefits. The Standard Nonforfeiture Law contains a smoothness requirement in that intends to require a reasonably orderly progression in the cash value of life insurance policies and prohibits sharp increases in the same. ![]() Oklahoma adopted the National Association of Insurance Commissioners (“NAIC”) Model Standard Nonforfeiture Law (Model #808), codified at 36 O.S. PO Box 9202, Des Moines, Iowa, 50309, United States. EMC National Life is part of the Insurance industry, and located in Iowa, United States. The Oklahoma Insurance Department (“Department”) is releasing this bulletin with the purpose of providing its position on endorsements offering enhanced cash surrender value (“ECSV”) benefits. Mark Boehm has been working as a Senior Underwriter at EMC National Life for 3 years. All Health Insurance Companies and Other Interested Parties ![]()
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