Memorial Service Life Insurance Company,
Lincoln Memorial Life Insurance Company and
National
Prearranged Services (NPS)
Inc. have been place in Rehabilitation under an Order of Rehabilitation
entered
on May 14, 2008 in Cause Number D-1-GV-08-000945 in
the 250th Judicial Court of Travis County, Texas.
This action was initiated by the
State of Texas at the request of the Texas Department of Insurance with the cooperation
of the regulators of several other states.
The Commissioner of Insurance for the State of Texas has appointed Donna J. Garrett
as the Special Deputy Receiver of all three companies on May 14, 2008. Ms.
Garrett will be responsible for the management of the companies and their operations.
Memorial Service Life Insurance Company (Memorial Service) and Lincoln Memorial
Service Life Insurance Company (Lincoln Memorial) have ceased writing new business.
NPS has suspended the sale of pre-need contracts. Each state regulates the sale
of prepaid funeral contracts and the law varies from state to state.
The Special Deputy Receiver is working with regulators from affected states to determine
the best course of action to provide the greatest level of protection for all consumers
and other stakeholders.
Copies of relevant
court documents filed in the rehabilitation case will be posted to this website for review under the “Legal Documents” tab. Answers to Frequently Asked Questions
can be located under the “FAQ” tab. Links to the relevant regulatory agencies in
your state may be accessed under the “Links” tab. You may contact the Special Deputy
Receiver’s staff via email using
the following link
info@LincolnMemorialLife.com.
At this time, the Receivership Court has not set a deadline to file claims. Creditors
will be notified if, and when, the date is set.