Dear Mr. Silverman:
Thank you for writing to the Pennsylvania Insurance Department. Your e-mail was forwarded to the Bureau of Consumer Services for review and reply.
I will be mailing you a copy of our Department’s Decision and Order concerning this matter. The information provided in this document will answer many of your questions.
Our Department does monitor the financial condition of insurers transacting business in Pennsylvania by analyzing annual and quarterly financial statement filings and reviewing proposed financial transactions. Our Department also has examiners travel to insurance companies to review their financial condition and determine whether they are operating in compliance with Pennsylvania laws and regulations. If Senior Health Insurance Company of Pennsylvania (Formerly Conseco Senior Health) was declared insolvent, all policyholders would be informed of this event by our Department.
It appears by your mailing address you are a resident of Massachusetts. Most all states have insurance guarantee funds to provide protection to their residents if an insurance company becomes insolvent. If you are a resident of Massachusetts I recommend you contact the Commonwealth of Massachusetts, Division of Insurance at their consumer hotline: (617) 521-777 or their regular telephone number of (617) 521-7794 to receive information on the protection provided by the Massachusetts Insurance Guarantee Fund.
Roger Lisi | Harrisburg Regional Manager
Pennsylvania Insurance Department
Bureau of Consumer Services
1209 Strawberry Square | Harrisburg, PA 17120
Phone: 717.705.4395 | Fax: 717.787.8585
E-mail: rlisi@state.pa.us
www.insurance.state.pa.us | www.chipcoverspakids.com
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