Company Information - Caduceus Self Insurance Fund, Inc.
Company Name:
Caduceus Self Insurance Fund, Inc.
Date of Liquidation:
January 3, 2000
Policy Cancellation Date:
February 2, 2000
Claim Filing Deadline:
September 3, 2000
Guaranty Association:
None
Type of Coverage:
Medical Malpractice Self Insurance Fund
State of Domicile:
Florida
Status of Receivership:
Liquidation
Proof of claim forms were mailed on June 30, 2000. Any
proof of claim filed after the claim-filing deadline was considered "late filed".
On April 11, 2007, the First Interim Claims Report was filed with the Court in the estate of Caduceus Self Insurance Fund, Inc. On April 12, 2007, the Court issued an Order approving the report. On April 13, 2007, notices were mailed to 409 Caduceus claimants who filed a
proof of claim in the state. 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 objects to the recommendations. Objections
were required to be filed by the claimant, in writing, with the Court and the Receiver and postmarked May 15, 2007. Objections filed after that date were not considered.
On December 6, 2007, the Court approved the Final Claims Report regarding
a distribution in this estate. Under the
terms of the Order, claimants in Classes 1 through 4 received a 100% distribution of the adjudicated amounts of their claims. Distribution
checks were mailed on December 14, 2007.
On December 24, 2007, the Receiver mailed out 1,193 checks to former members of Caduceus. The checks totaled
$11,000,000 and represented a 73.3424% refund of amounts previously paid by members resulting from two assessments: the first
in 1999 by the management of Caduceus and the second in 2003 by the Receiver. Total amounts collected from the two assessments,
including assessment principal and collected interest, amounted to $14,998,140.18. The partial refund of previously collected
assessments was the direct result of the Receiver’s asset recovery efforts and related to a successfully prosecuted breach of
contract action against The Doctors Company, a large California insurance company. To view a copy of the notice sent to members
along with the check, click here.
On September 30, 2009, the Receiver filed a motion for approval to make a second and final distribution in this estate.
On October 2, 2009 the Court issue an order approving a 100% distribution to 224 claimants in Classes 6, 7 and 9. Distribution Checks
were mailed on November 9, 2009.
It is the claimant's responsibility to notify the Receiver, in writing, if
there is a change in their name or mailing address. When corresponding
with the Receiver, be sure to reference "Caduceus Self Insurance Fund, Inc." and
the "Receiver's Claim Number ("RCN")", which will allow the Receiver to
associate your request with the correct claim and receivership.
If you have recently changed your name or mailing address, please click
here.
CONSUMER HELPLINE 1-800-882-3054
Division of Rehabilitation and
Liquidation · 2020 Capital Circle SE Alexander Bldg Ste
340 · Tallahassee, FL 32301-0110
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