First Capital Life Insurance Company

First Capital Life Insurance Company (NAIC 65447) traces its California roots to the late 1970s and early 1980s, when it operated under the name Life Insurance Company of California and later adopted the E.F. Hutton Life Insurance Company name during the 1980s. That era rewarded insurers that could offer attractive credited rates and annuity features as consumers sought higher yields and tax-advantaged savings. First Capital expanded in this environment, but the business model also increased sensitivity to market volatility, asset quality, and liquidity pressures. In the early 1990s the company entered regulatory control. The California Conservation and Liquidation Office reports a conservation order in 1991, followed by a rehabilitation process and the eventual closing of the estate in the early 2000s after remaining funds were distributed. As part of the wind-down, blocks of business were transferred and administered so policyholder obligations could continue to be serviced. Operationally, the company was shaped by the broader industry shift from traditional participating whole life toward interest-sensitive products (fixed annuities and universal life-style crediting approaches). That shift created opportunities in distribution and product design, but it also amplified interest-rate and credit-cycle risk. Where public sources are not specific about a single reinsurer, it is safest to say the company used reinsurance in the standard life-insurance way: to manage mortality risk and capital strain, rather than as a defining strategic lever.

https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&event=companyProfile&naic=65447 | https://www.caclo.org/perl/index.pl?document_id=0d73c48c14da43014da7403f1501902e | https://www.caclo.org/perl/contact_us.pl | https://moiga.org/?p=2697

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