First Capital Life Insurance Company
Conservation Date: 05/14/1991
Closure Date: 06/05/2003
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First Capital was rehabilitated and Pacific Corinthian Life Insurance Company was merged into Pacific Mutual Life Insurance Company, which assumed its policies.

All policyholders and general creditors were paid in full. The distribution of residual funds (equity) in the estate to FC Group, First Capital's immediate parent company, was completed in July 2002.

The expected tax refund, plus interest, was received by the estate. The Declaration of Compliance was filed on June 5, 2003, the final distribution was made, and the estate has been closed.