|Name of Company:||Florida Select Insurance Company|
|Date of Rehabilitation:||June 30, 2006|
|Type of Coverage:||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Claim Filing Deadline:||April 12, 2010|
|Date of Discharge:||June 30, 2013|
Notice of Receivership
On June 30, 2006, Florida Select Insurance Company (“Florida Select”) 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 Florida Select. The company consented to the receivership.
Florida Select, a Florida corporation licensed in 1996, was headquartered in Birmingham, Alabama and had additional offices in Sarasota, Florida. The company is authorized to transact business in the state of Florida as a domestic property and casualty insurer. Florida Select wrote homeowner’s multi-peril, allied lines, and fire insurance coverage in Florida. Florida Select also wrote business in South Carolina and had policies in force in that state. The company is an affiliate of Vesta Fire Insurance Corporation; Vesta Insurance Corporation; Texas Select Lloyds Insurance Company; Shelby Casualty Insurance Company; The Shelby Insurance Company; and Select Insurance Services, Inc., all of which are in receivership under the control of the Texas Department of Insurance.
Florida Select - Established Claim Filing Deadline of April 12, 2010
On October 2, 2009, the Receiver filed its Status Report and Motion for Approval of Rehabilitation Plan ("Motion"). On October 13, 2009, the Receivership Court entered its Order Approving Receiver's Status Report and Motion for Plan of Rehabilitation ("Order"). The issued Order established a claim filing deadline of April 12, 2010 in the Florida Select estate. To view a copy of the Motion and Order, click here.
On Friday, October 30, 2009, notices were mailed to approximately 144,000 potential claimants of Florida Select. The notice informed all claimants of the receivership plan and claim filing deadline.
Effective 12:01 A.M. on June 30, 2013, the Receiver was discharged from all responsibilities in the Florida Select Insurance Company receivership. Pursuant to the Court Order, all remaining funds are to be transferred to the Texas Receiver of the Vesta Fire Insurance Corporation.