Division of Rehabilitation and Liquidation
“Poe Coverage,” your insurance coverage with the Poe Insurers, ends at 12:01 a.m. on July 1, 2006.
Under your Poe Coverage, FIGA will handle losses occurring on or before 12:01 a.m. on July 1, 2006.
“Citizens Transition Coverage” automatically picks up coverage for an Eligible Policyholder beginning July 1, 2006 and ending on the date that coverage would have ended under the Poe policy.
Citizens Transition Coverage uses the existing forms and premiums of the Poe Insurers.
A policyholder eligible for Citizens Transition Coverage is not required to file an application and does not need to pay any premium already paid to the Poe Insurers.
All Poe policyholders are eligible for Citizens Transition Coverage, except:
Policyholders ineligible for Citizens Transition Coverage may contact their agents to see if they qualify for “Citizens Regular Coverage” under Citizens regular forms and premiums.
Over a twelve-month period, upon the expiration of Citizens Transition Coverage, policyholders must apply for Citizens Regular Coverage under Citizens regular forms and premiums.
Policyholders should not pay renewal premiums to the Poe Insurers for renewal coverage that begins after June 30, 2006.
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