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Division of Rehabilitation and Liquidation

Company Information - N.A.P.T.

Name of Company: N.A.P.T.
Date of Liquidation: August 3, 2001
Policy Cancellation Date: April 30, 2001
Claim Filing Deadline: May 13, 2002
Guaranty Association: NONE
Type of Coverage: Unauthorized Insurer
State of Domicile: Florida
Status of Receivership: Discharged
Date of Discharge: December 21, 2006

N.A.P.T. sold health care type contracts primarily in Florida but also in a number of other states.

N.A.P.T. also wrote policies under the following names:

  • National Association of Physical Therapists
  • National Association of Professionals & Technicians
  • National Association of Professional Truckers
  • National Association of Professional Traders
  • National Association of Chiropractic Professionals
  • National Association of Dental Professionals
  • National Tourism & Hospitality Association
  • National Veterinarian Association
  • National Real Estate Association
  • Physician's Choice Limited
  • Physician's Choice LTD.

Proof of claim forms have been mailed. Any proof of claim form filed after the claims filing deadline was considered “late filed”.

On March 7, 2005, the First Interim Claims Report was filed with the Second Judicial Circuit Court in and for Leon County, Florida (“Court”) in the estate of N.A.P.T. On March 14, 2005, the Court issued an order approving the report. On March 17, 2005, notices were sent to 1,706 claimants who filed a proof of claim in the N.A.P.T. 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 the 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 April 22, 2005. Objections filed after that date were not be considered. All objections have been resolved.

On April 11, 2006, the Receiver filed a motion for approval of the Final Claims Report, the Final Distribution Report, the Distribution Accounting and approval to make a distribution to claimants in Class 2. On April 12, 2006, an order was entered that granted approval for the Receiver to mail distribution checks representing 26.7004% of the recommended and adjudicated amount to claimants in Class 2. As a result of the order, 1,431 claimants were approved to receive a distribution check. The checks were mailed on April 25, 2006. No other distributions were made in this estate.

On December 20, 2006, the court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of N.A.P.T. effective December 21, 2006.

Pursuant to the court order, all undelivered distributions will be sent to the Department of Financial Services, Bureau of Unclaimed Property.  The Bureau of Unclaimed Property may be reached at:

www.fltreasurehunt.org
Phone: (850) 410-9253
Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Bureau of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910

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