SECTION 10 - GENERAL
RULES
RULE 10.1 - HISTORY
& PURPOSE OF THE AUTO CLUB FAMILY INSURANCE COMPANY
In January 1990 the
Automobile Club Inter-Insurance Exchange purchased the Alternative Insurance
Company of North America, Inc., to market homeowners insurance and related
insurance products to qualified members of the Auto Club of Missouri and
its affiliates.
This Missouri domiciled,
stock company was incorporated in June 1987 and was licensed to sell fire
and casualty lines. Upon purchase, the name was changed to Auto Club Family
Insurance Company.
In February 1990, the
Auto Club Family Insurance Company commenced writing homeowners insurance
in the State of Missouri for members of the Automobile Club of Missouri.
In 1990, application
was made to the Illinois and Kansas Insurance Departments for licensing
to sell fire and casualty lines. The Auto Club Family Insurance Company
commenced writing homeowners insurance for members of the Automobile Club
of Missouri and its affiliates effective in March 1991 in Illinois and
in January 1992 in Kansas.
In September 1992 the
company commenced writing renters insurance in Missouri. In January 1993
the company commenced writing renters insurance in Illinois and Kansas.
In 1993, application
was made to the Arkansas Insurance Department for licensing to sell fire
and casualty lines. The Auto Club Family Insurance Company commenced writing
homeowners and renters insurance for members of the Auto Club of Missouri
and its affiliates in September 1994.
In January 1996 the
company commenced writing Premier Select homeowners insurance.
In 1998, application
was made to the Louisiana Department of Insurance for licensing to sell
fire and casualty lines. In August 1999 the company commenced writing
homeowners insurance.
In 1999, application
was made to the Mississippi and Oklahoma Insurance Departments for licensing
to sell fire and casualty lines. In December 1999 the company commenced
writing homeowners insurance in Oklahoma. In February 2000 the company
commenced writing homeowners insurance in Mississippi.
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