Division of Rehabilitation and Liquidation
| Name of Company: | General Insurance Company |
|---|---|
| Date of Liquidation: | December 21, 1993 |
| Policy Cancellation Date: | January 21, 1994 |
| Claims Filing Deadline: | November 18, 1994 |
| 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: | Closed |
| Date of Discharge: | June 30, 2007 |
On December 21, 1983, General Insurance Company ("General") was placed into liquidation by Order of the Second Judicial Circuit Court in and for Leon County, Florida ("Court"). The Florida Department of Financial Services was appointed the Receiver of the General estate. The Order established a claims filing deadline of November 18, 1994.
On January 16, 2003, the Court approved the Second Interim Claims Report. Notices were mailed to 8,200 claimants who filed a proof of claim in the General 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 were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by March 21, 2003. Objections filed after that date were not considered. All filed objections have been resolved.
Due to additional assets being collected in this estate, a Third Interim Claims Report was filed with the Court. On March 10, 2006, the Court entered an order approving the report. On March 21, 2006, the Receiver mailed notices to the 6,837 claimants who filed a proof of claim in the estate and who had a change in the Receiver’s recommendations on their claims. The notice informed them of the Receiver’s recommendation concerning the classification and amount of their claim along with instructions on how to proceed if a claimant objects to the recommendations. Objections are required to be filed by the claimant, in writing, with both the Court and the Receiver and must be postmarked by April 21, 2006. Objections filed after that date were not considered. All filed objections have been resolved.
On November 8, 2006, the Court approved the Final Claims Report regarding a distribution of assets in this estate. Under the terms of the Order, Class 1 and Class 2 claimants received a 100% distribution and Class 3 claimants received a 13.7398% distribution of the adjudicated amounts on their claims. Distributions were mailed on December 18, 2006. There are insufficient assets to make further distributions in this estate.
On June 28, 2007, the Court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of General effective June 30, 2007.
Pursuant to the Discharge Order, all undelivered distributions were 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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