K.E.L. TITLE INSURANCE GROUP INC
-
Información Demográfica de la Compañía Name of Company: K.E.L. TITLE INSURANCE GROUP INC Case Number: 2012 CA 3514 Guaranty Association: Ninguna Type of Coverage: Título State of Domicile: Florida Status of Receivership: Rehabilitación Fechas Importantes de la Quiebra Date of Rehabilitation: 30 de octubre de 2012 Date of Liquidation: N/A Policy Cancellation Date: N/A Claims Filing Deadline: N/A Objection Deadline: See Below -
Notificación de la Administración Judicial
On October 30, 2012, K.E.L. Title Insurance Group, Inc. ("KELTIG") was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of KELTIG. The company consented to the receivership.
-
Información General
KELTIG, a Florida corporation licensed in 2007, was headquartered in Orlando, Florida. The company wrote title insurance policies in Florida only. KELTIG has written in approximately 14,000 title insurance policies in Florida. KELTIG is no longer writing new insurance coverage, except for the issuance of policies for which the closing on real property occurred on or before October 12, 2012. The company’s existing policies are not cancelled by the rehabilitation order and will continue in the ordinary course of business.
The Receiver closed KELTIG’s office on December 18, 2012. For information regarding a pending claim or to file a new claim, see the Claims Information section.
On June 4, 2014, The Florida Office of Insurance Regulation approved the assessment of all Title Insurance companies domiciled in Florida for the amount sufficient to pay known claims, loss adjustment expenses and the cost of administration of the estate for the balance of 2014. Assessments may be performed on an annual basis after that and will cover Florida claims and administrative costs. For more information on the assessment, click aquí. Invoices were mailed June 9, 2014 and the payment deadline for the assessed carriers is September 4, 2014. -
I am an agent who has written policies with KELTIG. What should I do?
The Receiver will be contacting you in the near future to verify all collected premium has been submitted to KELTIG. We will also be working with you to collect your unused inventory of policy jackets. Agents should complete an inventory of their current jackets to make sure all are accounted for.
-
Will KELTIG policyholders receive a written notice from KELTIG or the Receiver about the status of their policy?
El Administrador Judicial aún está en las primeras etapas de evaluación de la situación de la compañía. Si el estado de las pólizas de títulos previamente emitidas cambiara, los titulares de pólizas recibirán algún tipo de notificación de parte del Administrador Judicial.
-
Assessment Information (Florida Only)
Florida policies will remain in full force and effect during the rehabilitation of K.E.L. Title. The Receiver will calculate the amount of funds needed to pay all Florida claims and administrative expenses of this estate for one year. The information will be provided to the Office of Insurance Regulation (OIR) which will assess title insurance companies writing in Florida. The assessed amount will include the amount sufficient to pay known claims, loss adjustment expenses and the cost of administration of the estate for the balance of 2014. Assessments will be performed on an annual basis after that and will cover Florida claims and administrative costs for a one year period of time. Click here to see a copy of the Court ordered Notice and Invoice. The assessment applies to all Title insurers doing business in Florida as is applied on a market share basis. Payment is due within ninety (90) days after the date of the assessment order. Assessed companies may surcharge new policyholders a three dollar ($3.00) surcharge on each title policy issued to recoup funds. The OIR assessment of title companies required assessments to be paid by a date 90 days following the date of OIR's order or September 4, 2014. -
¿Cómo informo una nueva reclamación?
New claims must be reported in writing by fax, UPS/FedEx or regular mail only. The initial notice of claim should contain all pertinent supporting documentation. The supporting documents required will depend on the nature of the claim. The initial notice of claim should contain:
- A completed Claim Submission Form.
- Supporting documentation including but not limited to:
- Copy of the title insurance policy.
- Copy of the final settlement statement (or HUD-1).
- Any additional documents that the claimant wishes to have considered in support of the claim.
Claimants can submit a claim by:
- Fax to (850) 413-3997, or
- Mail or UPS/FedEx to:
Receiver for KELTIG
Attention: Claims Section
Division of Rehabilitation and Liquidation
325 John Knox Road, Atrium Building, Suite 101
Tallahassee, FL 32303 -
If I have already filed a claim with KELTIG, will the Rehabilitation affect the status of my claim?
The Receiver has transitioned the administration of all claims to a service provider for further handling and resolution. Your patience is appreciated.
-
How can I find out the status of my claim?
You may contact the Receiver by using the "Contáctenos" form to send us an email if you have any questions or concerns about the status of your claim or the Rehabilitation process.
-
If I have general questions about the receivership of KELTIG, how do I contact the Florida Department of Financial Services which is the court- appointed Receiver of KELTIG?
You may contact the Receiver by using the "Contáctenos" form (on the Receiver's website, www.myfloridacfo.com/division/Receiver) or by calling 1-800-882-3054 (Florida only) or 850-413-3081.
-
What is the current status of my title policy with KELTIG?
All previously issued title policies that are valid and in effect shall remain in force. The company stopped issuing new title policies on October 12, 2012, except for the issuance of policies for which the closing on real property occurred on or before October 12, 2012.
-
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
-
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
Documentos de la Corte
Notificaciones
Fecha Título Tamaño 06/09/2014 Sample Assessment Notice and Invoice 200K 11/09/2012 Notice To Agent or Broker 72K Otros
Fecha Título Tamaño 02/08/2013 Claim Submission Form 120K