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Important
Announcement from IISI
We are
pleased to announce that Intermediary Insurance Services, Inc (IISI) has
been acquired by Companion Life Insurance Company.
Headquartered
in Columbia, South
Carolina, Companion Life Insurance Company, which holds an A+
(Superior)
rating from A.M. Best Company, specializes in employee benefit programs and
is a recognized leader in the employer stop loss market. For more
information, please refer to their website at www.companionlife.com .
This
acquisition reinforces Companion Life’s long-term commitment to the
employer stop loss market and represents a strong endorsement of IISI and
its products and services. It also helps to ensure that IISI will remain a
leading force in the market long into the future.
IISI
will retain its name and continue to operate as an independent subsidiary
with little or no change to our management and operational structure. Our
rating manual and underwriting guidelines/philosophy relating to both new
and renewal business will remain unchanged as will our procedures and
guidelines relating to all areas of our day to day operations. We
will continue to be dedicated to our mission of providing the highest level
of underwriting expertise and quality of service to our producers and our clients.
Effective
January 1, 2010, IISI will be issuing new and renewal business with
Companion Life in all states except CA, CT, HI, NJ, and NY. For these
states, IISI will continue to offer QBE Insurance Company and American
National Life Insurance Company of Texas
for new and renewal business until further notice.
Any
January renewal quotes already released will be reissued reflecting
Companion Life as the insurance carrier. In all other respects, the
terms offered will be consistent with our normal renewal guidelines and
with the original effective date of the group with IISI.
Companion’s stop loss policy is similar to the group’s existing
policy and a specimen policy is available upon request for your review.
We
thank you for your support of IISI and the trust you have shown in us
through the years. We look forward to our continued relationship and
the opportunity to serve you and your clients.
Read press
release.
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