COMMERCIAL INSURANCE ALLIANCE, A RECIPROCAL INSURANCE COMPANY
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Información Demográfica de la Compañía Name of Company: COMMERCIAL INSURANCE ALLIANCE, A RECIPROCAL INSURANCE COMPANY Case Number: 2011 191 Guaranty Association: Florida Insurance Guaranty Association(FIGA) Type of Coverage: Propiedades y Accidentes State of Domicile: Florida Status of Receivership: Cerrado Fechas Importantes de la Quiebra Date of Rehabilitation: N/A Date of Liquidation: 26 de enero de 2011 Policy Cancellation Date: 26 de enero de 2011 Claims Filing Deadline: 01 de agosto de 2011 Objection Deadline: N/A Date of Discharge: 30 de Junio de 2015 -
Información de la Compañía
On January 26, 2011, Commercial Insurance Alliance, a Reciprocal Insurance Company ("CIA") was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of CIA. The company consented to the receivership.
El 3 de marzo de 2011, el Tribunal emitió una orden dictando la insolvencia y la asociación Florida Insurance Guaranty Association se ha activado. Sin embargo, conforme a la Sección 631.52(3) de los Estatutos de la Florida, FIGA no ofrece ninguna cobertura para reclamaciones cubiertas por pólizas de caución.
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Información General
CIA was licensed as a reciprocal insurer under Chapter 629, Florida Statutes, in 2006. CIA wrote commercial multi-peril liability, commercial auto liability and surety policies. The company was located in Jacksonville, Florida, but closed its main office in 2010. At its maximum level, it is estimated that CIA had no more than 5,000 policyholders. However, under an Order from the Office of Insurance Regulation dated August 19, 2009, CIA’s certificate of authority was suspended and it was ordered to cease writing new or renewal insurance business. At the time of the liquidation, all of the CIA policies had expired and CIA was in a “run-off” mode. Thus, as of the liquidation date, there were no known policyholders.
On April 2, 2013, the court approved the First Interim Claims Report and Recommendation on Claims. On April 15, 2013, the Receiver mailed 61 Notice of Determination letters to all known claimants. Classes 1 through 11 were evaluated and the adjudicated amount owed will be shown in the Amount Recommended Claimant field along with the Classification of the claimant. The Objection Filing Deadline was May 31, 2013.
On January 7, 2014 the court approved the Order Approving Receiver’s Report and Directing the Assessment of the Subscribers of Commercial Insurance Alliance (“CIA”). On March 26, 2014, the Receiver mailed 1,941 Assessment letters to all subscribers. Under Florida law and pursuant to the CIA insurance contract, all former subscribers of CIA are responsible for the claims and expenses of CIA and can be assessed for the purpose of collecting sufficient funds to pay those claims and expenses. The deadline for payment is April 15, 2014. -
Estate Closed
On June 22, 2015, the Second Judicial Circuit Court in Leon County, Florida ("Court") entered an Order discharging the Receiver from any and all duties, obligations, and liabilities in the administration of the CIA estate as of 11:59 P.M. on June 30, 2015.
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The following documents are provided as Adobe Acrobat PDF files best viewed using the free Adobe Acrobat reader software.
Documentos de la Corte
Notificaciones