ARMOR INSURANCE COMPANY
|Company Demographic Information|
|Name of Company:||ARMOR INSURANCE COMPANY|
|Case Number:||97 02|
|Guaranty Association:||Florida Insurance Guaranty Association(FIGA) and Florida Workers Compensation Insurance Guaranty Association(FWCIGA)|
|Type of Coverage:||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Important Receivership Dates|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||January 02, 1987|
|Policy Cancellation Date:||February 02, 1997|
|Claims Filing Deadline:||January 01, 1998|
|Objection Deadline:||See Below|
|Date of Discharge:||September 30, 2013|
Proof of claim forms have been mailed. Any proof of claim form filed after the claims filing deadline was considered "late filed". If you have submitted a proof of claim form, you will be notified, in writing, of the Receiver's recommendation on your claim.
The First Interim Report on Claims was filed with the Second Judicial Circuit Court in and for Leon County, Florida ("Court") in the estate of Armor Insurance Company ("Armor"). The Court issued an amended order approving the report on June 15, 2009. On June 22, 2009, notices were mailed to 11,911 claimants who filed a proof of claim in the Armor estate. Claims in Class 1 and Class 2 were evaluated but there was no evaluation completed for claims in Class 3 through Class 10 due to limited assets in this 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 August 14, 2009. Objections filed after that date were not considered.
On January 25, 2013, the Court issued an order approving the Receiver's final claims report, the claims distribution report and the distribution accounting, and authorizing a distribution. On March 20, 2013, the Receiver mailed 1,149 checks to Class 2 claimants representing 48.43% of the adjudicated claim amount owed each Class 2 claimant. A total of $148,876.43 was distributed.
Funds were not available to pay Class 3 through Class 11 claimants. At this time, the Receiver does not anticipate any further distributions.
On September 13, 2013, the Court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of Armor Insurance Company effective September 30, 2013.
Pursuant to the Discharge Order, the Receiver transferred $115,855.28 to the Florida Bureau of Unclaimed Property.
The Department was discharged of all of its responsibilities in administering this estate and the estate was closed at 11:59 PM on September 30, 2013.
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