Division of Rehabilitation and Liquidation
| Name of Company: | Aries Insurance Company |
|---|---|
| Date of Liquidation: | November 14, 2002 |
| Policy Cancellation Date: | December 14, 2002 |
| Claim Filing Deadline: | November 14, 2003 |
| Guaranty Association: |
Florida Insurance
Guaranty Association (you are leaving the DFS website and opening a new
browser window) (FIGA) Florida Workers' Compensation Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window) (FWCIGA) |
| Type of Coverage: | Property and Casualty |
| State of Domicile: | Florida |
| Status of Receivership: | Liquidation |
On November 14, 2002, Aries Insurance Company ("Aries ") consented to and was placed into liquidation by the Second Judicial Circuit Court in and for Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation, is the court-appointed Receiver of Aries .
Proof of claim forms have been mailed. In order to be considered timely-filed, completed proof of claim and IRS W-9 forms for the Aries Receivership estate had to be postmarked by Friday, November 14, 2003.
On August 9, 2012, the Receiver mailed 14,955 Notices of Determination to claimants. The Objection Filing Deadline is September 24, 2012.The Receiver has evaluated Class 1 through Class 2 claims submitted in the estate of Aries Insurance Company and is recommending the amount on the line reading “Amount Recommended Claimant.” The Receiver’s “Class” or “Priority” of your claim will affect the amount you may receive. Please be advised that the assets in the Receivership estate of Aries Insurance Company are not sufficient to fund a distribution payment to all claimants. In fact, the Receiver does not anticipate a distribution to any claimants beyond Class 2. No claims in Class 3 through Class 11 were evaluated. Therefore, if your class has been identified as Class 3 through Class 11, you will not see any amount on the line reading “Amount Recommended Claimant”.
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