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About
Independence Holding Co. engages in underwriting, administering and/or distributing group and individual specialty products, including disability, supplemental health, pet, and group life insurance through its subsidiaries. It operates through the following segments: Medical Stop-Loss, Fully Insured Health, Group Disability, and Individual Accident and Health, and Other. The Medical Stop-Loss segment are short-duration and accounted for based on actuarial estimates of the amount of loss inherent in that period's claims or open claims for prior periods, including losses incurred for claims that have not been reported. The Fully Insured Health segment is the liability for policy benefits and claims for fully insured medical and dental business and are established using historical claim development patterns. The Group Disability segment is comprised of long term disability and disability benefits law. The Individual Accident and Health and Other segment is a combination of closed lines of business as well as certain small existing lines. The company was founded in 1980 and is headquartered in Stamford, CT. | |||
Description
Independence Holding Company, through its subsidiaries, engages in life and health insurance business primarily in the District of Columbia, the Virgin Islands, and Puerto Rico. The company provides dental portfolio comprises indemnity and preferred provider organization plans for employer groups of two or more lives, and for individuals within affinity groups; vision plans that offer a flat reimbursement amount for exams and materials; and short-term medical products for people with temporary needs for health coverage. It also provides supplemental products, including hospital indemnity, fixed indemnity limited benefit, critical illness, accident medical coverage, and life insurance products; and pet insurance and occupational accident insurance products. In addition, the company offers group long-term and short-term disability products to employers that provide benefit to their employees; New York short-term disability plan that offers temporary cash payments to replace wages lost; group term life products, such as group term life, accidental death and dismemberment (AD&D), supplemental life and AD&D, and dependent life products; and reinsurance products. It markets its products through independent and affiliated brokers, producers, and agents. The company was founded in 1980 and is headquartered in Stamford, Connecticut. Independence Holding Company is a subsidiary of Geneve Corporation. |