Commissioner Causey issues statement in response to state court ruling
North Carolina Commissioner of Insurance Mike Causey issued the following statement in response to a N.C. Supreme Court decision allowing a motion to withdraw the petition for discretionary review in Causey v. Southland National Insurance Corporation, with the court also dismissing the remaining items in the case:
“The Supreme Court’s decision to dismiss the baseless appeal of the order placing Colorado Bankers Life and Banker’s Life into liquidation opens the door for policyholders to finally receive long-overdue relief from the various state guaranty associations. As this process unfolds, I will continue to aggressively pursue every option to ensure that all the policyholders are repaid.”
Policyholders with questions should contact their respective companies in the coming days and weeks. For Colorado Bankers Life policies the number is 1-833-658-2841 and for Bankers Life policies the number to contact is 1-833-658-2840.
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