Penn Treaty Network America Insurance Company

Penn Treaty Network America Insurance Company (NAIC 63282) is an insolvent life and health insurer whose estate is administered through the Pennsylvania insurance receivership system. The Pennsylvania Insurance Department notes that Penn Treaty and its affiliated company American Network entered liquidation on the same day, with policyholder servicing handled through designated administrators and state guaranty associations. Public guaranty-association and receivership materials describe a long period of court-supervised rehabilitation before liquidation. NOLHGA materials explain that the companies had been under rehabilitation since 2009, with policy and claim administration supervised by the Pennsylvania Insurance Commissioner from Allentown, Pennsylvania, before they were placed into liquidation in March 2017. This kind of multi-year rehabilitation is common when an insurer has long-duration liabilities that require careful runoff planning. Penn Treaty's story is often associated with the industry-wide difficulty of pricing and reserving for long-term care and other guaranteed benefit blocks. When claims emerge over decades and lapse behavior changes, the result can be capital strain that is difficult to cure quickly. Resolution in this setting typically centers on an orderly runoff, guaranty-association coordination, and asset recovery efforts managed by the receiver. Because the company is in liquidation, public sources focus on policyholder directions rather than ongoing ratings, marketing, or new product strategy. Reinsurance may play a role in any estate, but the publicly available guidance emphasizes the receivership framework itself: court oversight, state regulator control, and guaranty association protections designed to maintain continuity of coverage within statutory limits.

Penn Treaty Life Insurance Company underwent several name changes and corporate restructurings before ultimately entering liquidation in 2017 due to an inability to meet long-term care policy obligations.

Timeline of Key Events

• 1989 (July): Acquired Amicare Insurance Company, renaming it Network America Life Insurance Company.
• 1996 (August): The parent company acquired Health Insurance of Vermont, Inc., later named American Network Insurance Company (ANIC).
• 1997 (December): Network America effectively acquired PTLIC's business and changed its name to Penn Treaty Network America Insurance Company (PTNA).
• 1998 (December): PTLIC was sold.
• 2000 (Peak): Reached a peak of approximately 250,000 policies.
• 2008 (October): Stopped selling new long-term care policies.
• 2009 (January): Placed under state supervision for rehabilitation due to financial difficulties.
• 2009 (October): A petition was filed for liquidation, though the case continued for several years.
• 2017 (March 1): Orders were issued for the liquidation of Penn Treaty Network America Insurance Company and its subsidiary, American Network Insurance Company.

Following the liquidation, state insurance guaranty associations took responsibility for policyholder claims and coverage, subject to state limitations. Policyholders can find more details on their state's insurance department website or the official Penn Treaty website.

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https://www.pa.gov/agencies/insurance/resources/consumer-resources/failed-insurance-companies/penn-treaty-network-america-insurance-company.html | https://www.penntreaty.com/ainic/Claims/Facility-Claims | https://www.nolhga.com/companies/public/main.cfm/NAICCode/63282/GAID/100

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