|Name of Company:||HomeWise Preferred Insurance Company|
|Date of Rehabilitation:||September 2, 2011|
|Date of Liquidation||November 4, 2011|
|Claims Filing Deadline:||November 4, 2012|
|Coverage||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Liquidation|
Notice of Receivership
On November 4, 2011, HomeWise Preferred Insurance Company (“HPIC”) was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court appointed Receiver of HPIC. The company was previously ordered into rehabilitation on September 2, 2011.
HPIC, a Florida corporation licensed in 2006, was headquartered in Tampa, Florida. The company primarily wrote homeowners insurance coverage. It was licensed in three states – Florida, Texas and South Carolina.
On August 30, 2012, the Department mailed Proof of Claim forms to all known claimants for HomeWise Preferred Insurance Company. The deadline for filing a Proof of Claim is November 4, 2012. If you have not received a Proof of Claim form, please click here to obtain a form.
Notice to Claimants
On January 5, 2016, the Court approved the Department 's Claims Status Report and authorized the Department to refrain from evaluating claims in Classes 2-11 and dropped the requirement that the Department file a claims report for those Classes with the Court regarding those claims unless the HPIC estate recovers additional assets sufficient to make distributions beyond Class 1. The Court also dropped the requirement to mail any additional notifications to claimants with claims in Classes 2-11 unless it becomes necassary to evaluate claims in those classes.