UNITED SOUTHERN ASSURANCE COMPANY
|Company Demographic Information|
|Name of Company:||UNITED SOUTHERN ASSURANCE COMPANY|
|Case Number:||1997 CA 5297|
|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:||September 18, 1997|
|Policy Cancellation Date:||October 18, 1997|
|Claims Filing Deadline:||September 18, 1998|
|Objection Deadline:||March 23, 2013|
|Date of Discharge:||February 28, 2018|
Claims Evaluation and Distributions
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 -`0. Only claims in Classes 1 through 2 were evaluated due to limited assets in the estate. The Department 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 Department'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 Department and postmarked by May 21, 2012. Objections filed after that date were not considered.
On January 15, 2012, the Second Interim Claims Report was filed with the Court in the estate of United Southern Assurance Company (USAC). On January 29, 2013, the Court issued an order approving the report. The Second Interim Claims Report addresses 327 claims filed by USAC policyholders in other states which had originally been classified in class 6 but were reclassified as Classes 2, & 3. On February 3, 2013, the Department mailed Notices of Determination to those claimants. The amount recommended along with the class assignment were identified in the notice for classes 1 through 3 for those claimants receiving notices. The Objection Filing Deadline was March 21, 2013. Objections were accepted after that date.
Currently, there are two objections in class 2 which are awaiting consideration with the court. When these objections are resolved, we anticipate requesting the courts authority to proceed with a final distribution to class 1 and 2 claimants. Payments intended for specific claims which cannot be delivered will be transferred to the Department of Financial Services, Division of Unclaimed Property, according to our last known information for that claimant. You may visit their website at: https://www.fltreasurehunt.org
If you have a class 1 or class 2 claim with a recommended amount, and it is necessary to update the name and/or address due to a change in your circumstances, please click here to request the appropriate forms and instructions.
Distribution Checks Mailed
The Department was discharged of all of its responsibilities in administering the USAC estate and the estate was closed at 11:59 PM on February 28, 2018.
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
The following documents are provided as Adobe Acrobat PDF files best viewed using the free Adobe Acrobat reader software.
|10/16/2017||Notice Regarding Time Sensitive Distribution Checks||61K|
|09/26/1997||Notice to Agents and Brokers of United Southern Assurance Company||36K|