Fremont Life, a California domiciled life insurance company, located in Costa Mesa, California and licensed in 13 states and Guam, was conserved by the California Insurance Commissioner on June 5th. Fremont Life is a wholly owned subsidiary of Fremont Compensation Insurance Group Inc., whose ultimate parent is Fremont General Corporation. Fremont General Corporation has filed for protection under Chapter 11 of the U.S. Bankruptcy code. On May 15, 2008, Fremont Life filed their March 31, 2008 quarterly statement with the California Department of Insurance reporting surplus of $1,967,289. The minimum required capital and surplus for Fremont Life is $4,500,000.
All insurance contracts have been transferred to successor insurance companies, and the operations of Fremont Life have been discontinued. Any inquiries should be directed to Joe Holloway at (415) 676-2126.