Company Information - Nationwide Public Employees Trust ("NPET")
Name of Company:
Nationwide Public Employees Trust
Date of Liquidation:
August 5, 2003
Policy Cancellation Date:
June 30, 2003
Claim Filing Deadline:
April 29, 2005
Guaranty Association:
None
Type of Coverage:
Unauthorized Insurer - Life and Health
State of Domicile:
Florida
Status of Receivership:
Liquidation
Nationwide Public Employees Trust (“NPET”) was a non-licensed insurance entity.
On August 5, 2003, the Second Judicial Circuit Court in and for Leon County, Florida
(“Court”) signed an Order appointing the Florida Department of Financial Services,
Division of Rehabilitation and Liquidation as the court appointed Receiver for purposes
of liquidation.
Miami-Dade County and the City of Cinco Bayou entered into funding arrangements with
the Receiver for the purpose of having their employees’ claims paid. All known claims
for employees of the City of Cinco Bayou and Miami-Dade County have been paid.
On January 18, 2005, the Receiver mailed out proof of claim (“POC”) notices to potential
claimants of the NPET estate. The Court designated 11:59 PM on April 29, 2005 as the
claims filing deadline. Former NPET subscribers whose claims were satisfied pursuant
to funding arrangements between the Receiver and their employer were not mailed POC
notices. The POC forms were to be completed and returned prior to the claims filing
deadline. Any claims received after the claims filing deadline of April 29, 2005 were
considered “late filed”. Please note that filing a claim against the estate of NPET
does not guaranty full or partial payment of your claim.
On August 11, 2006, the First Interim Claims Report was filed with the Court in the
estate of NPET. On August 16, 2006, the Court issued an order approving the report. On
September 1, 2006, notices were mailed to 105 NPET claimants who filed a proof of 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 objects to the recommendations. Objections were required to be filed by the
claimant, in writing, with the Court and the Receiver and postmarked by October 16,
2006. Objections filed after that date were not considered.
On October 16, 2008, the Court approved the Final Claims Report regarding a distribution
of assets in this estate. Under the terms of the Order, Class 2 claimants received a 17.531%
distribution of the adjudicated amounts on their claims. Distributions were mailed on
November 3, 2008. There are insufficient assets to make further distributions in this
estate.
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 "Nationwide Public Employees Trust" 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.
For questions or comments regarding this website, 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
· Legal Notices
Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing. Public records from the Department of Financial Services are available by request.
Public Records Request
