jump to main menu jump to subject menu jump to content jump to footer
go image

Division Director

Sha'Ron James

Assistant Director

Al Willis


Division of Rehabilitation and Liquidation
Alexander Bldg.,
2020 Capital Circle SE, Ste. 310
Tallahassee, FL 32301
1-800-882-3054
design placeholder only

Company Information
United Southern Assurance Company

Name of Company: United Southern Assurance Company
CASE nUMBER: 97-5297
Date of Liquidation: September 18, 1997
Policy Cancellation Date: October 18, 1997
Claims Filing Deadline: September 18, 1998
Guaranty Association: Florida Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window)
Type of Coverage: Property and Casualty
State of Domicile: Florida
Status of Receivership: Liquidation

 

Claims Evaluation and Distributions

On March 2, 2012, the First Interim Claims Report was filed with the Court in the estate of United Southern Assurance Company (USAC). On March 6, 2012, the Court issued an order approving the report. The First Interim Claims Report addresses claims filed in Classes 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10. Only claims in Classes 1 through 3 were evaluated due to limited assets in the estate. The Receiver does not anticipate a distribution to any claimants beyond Class 2. On March 15, 2012, Notices of Determination ("Notices") were mailed to the 2,313 claimants that filed a claim in the estate. The Notice informed them of the Receiver's recommendations concerning the classification and amount of their claim, along with instructions on how to proceed if a claimant objected to the recommendations. Objections are required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by May 21, 2012. Objections filed after that date will not be considered.

On January 15, 2012, the Second Interim Claims Report was filed with the Court in the estate of United Southern Assurance Company (USAC). On January 29, 2013, the Court issued an order approving the report. The Second Interim Claims Report addresses 327 claims filed by USAC policyholders in other states which had originally been classified in class 6 but were reclassified as Classes 2, & 3. On 2/6/2013, the Receiver mailed Notices of Determination to those claimants. The amount recommended along with the class assignment are identified in the notice for classes 1 through 3 for those claimants receiving notices. The Objection Filing Deadline is March 21, 2013. Objections will not be accepted after this date.