|Name of Company:||K.E.L. Title Insurance Group, Inc.|
|Date of Rehabilitation:||October 30, 2012|
|Type of Coverage:||Title Insurance|
|State of Domicile:||Florida|
|Status of Receivership:||Rehabilitation|
Notice of Receivership
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.
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 assement 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 will be performed on an annual basis after that and will cover Florida claims and administrative costs for a one year period of time. For more information on the assessment, click here. Invoices were mailed June 9, 2004 and the payment deadline for the assessed carriers is September 4, 2014.