|Company Demographic Information|
|Name of Company:||HOMEWISE PREFERRED INSURANCE COMPANY|
|Case Number:||2011 CA 2404|
|Guaranty Association:||Florida Insurance Guaranty Association(FIGA)|
|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:||November 04, 2011|
|Policy Cancellation Date:||N/A|
|Claims Filing Deadline:||November 04, 2012|
|Date of Discharge:||June 30, 2017|
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 Receiver 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 contact the Receiver 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 necessary to evaluate claims in those classes. A distribution of $3,997,232.89 was made to FIGA in June 2017. This amount, coupled with the $3,500,000 distributed to FIGA over the life of the estate as early access, represented 36.1520% of the guaranty association's Class 1 claims. No further distributions are anticipated.
The Department was discharged of all of its responsibilities in administering the HPIC estate by the court and the estate was closed at 11:59 PM on June 30, 2017.
Unclaimed Property From Previous Distributions:
Pursuant to the Distribution Orders, all uncashed distribution checks were sent to the Department of Financial Services, Division of Unclaimed Property. The Division of Unclaimed Property may be reached at:
Phone: (850) 410-9253
Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Division of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910