|Name of Company:||National Group Insurance Company|
|Date of Rehabilitation:||August 1, 2011|
|Date of Liquidation||October 10, 2011|
|Policy Cancellation Date||November 9, 2011|
|Claims Filing Deadline||October 10, 2012|
|objection filing deadline||February 23, 2015|
|Coverage||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Liquidation|
Notice of Receivership
On August 1, 2011, National Group Insurance Company (“NGIC”) was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). It was determined that a successful rehabilitation was not possible and on October 10, 2011, NGIC was placed into liquidation. The Florida Department of Financial Services is the Court appointed Receiver of NGIC.
NGIC, a Florida corporation licensed in 2004, was headquartered in Coral Gables, Florida. The company primarily wrote commercial auto and commercial property insurance coverage in Florida. NGIC had approximately 7,600 policyholders at the time it entered liquidation. The company was licensed in Florida and Georgia; however, NGIC reported no written premium in Georgia.
On July 18, 2012, the Receiver mailed Proof of Claim forms to all known claimants for National Group Insurance Company. The deadline for filing a Proof of Claim is October 10, 2012. If you have not received a Proof of Claim form, please contact the Receiver to obtain a form.
On December 11, 2014, the court approved the First and Second Interim Claims Report and Recommendation on Claims. On January 5, 2015, the Receiver mailed 8,631Notices of Determination letters to all known claimants. Due to insufficient assets, only Class 1 and 2 were evaluated. The Amount Recommended Claimant field will be blank for Classes 3 through 11. claimants are allowed to object to either the amount recommended on their claims, their claims class (for more information on the claims classes, please see Section 631.271, Florida Statutes), or both. The Objection Filing Deadline is February 23, 2015.