Division of Rehabilitation and Liquidation
|Name of Company:||United Southern Assurance Company|
|Date of Liquidation:||September 18, 1997|
|Policy Cancellation Date:||October 18, 1997|
|Claims Filing Deadline:||September 18, 1998|
|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:||Liquidation|
On March 2, 2012, the First Interim Claims Report was filed with the Court in the estate of United Southern Assurance Company (USAC). On March 6, 2012, the Court issued an order approving the report. The First Interim Claims Report addresses claims filed in Classes 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10. Only claims in Classes 1 and 2 were evaluated due to limited assets in the estate. The Receiver does not anticipate a distribution to any claimants beyond Class 2. On March 15, 2012, Notices of Determination ("Notices") were mailed to the 2,313 claimants that filed a 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 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 May 21, 2012. Objections filed after that date will not be considered.
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