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Company Information

Company Demographic Information
Name of Company:
Case Number:99 4481
Guaranty Association:
Florida Workers’ Compensation Insurance Guaranty Association
Type of Coverage:
Property and Casualty
State of Domicile:
Status of Receivership:
Important Receivership Dates
Date of Rehabilitation:
August 13, 1999
Date of Liquidation:
January 03, 2000
Policy Cancellation Date:January 31, 2000
Claims Filing Deadline:
January 01, 2001
Objection Deadline:
See Below
Date of Discharge:
December 31, 2012

Notice of Receivership

​On January 3, 2000, a Consent Order of Liquidation was entered regarding FTBA Mutual, Inc. All insurance contracts not previously transferred to Clarendon National Insurance Company were ordered by the Court to be cancelled no later than January 31, 2000. Proof of claim forms were mailed to all known potential claimants on May 11, 2000. The deadline for filing a claim with the Receiver was January 1, 2001.

Claims Evaluation

​On August 21, 2008, the Court issued an Order approving the First Interim Claims Report and Recommendations on Claims. On September 4, 2008, notices were mailed to 420 FTBA claimants informing them of the Receiver's recommendations concerning the classifications and amounts on their claims, along with instructions on how to proceed if a claimant objects to the recommendations. Objections were required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by September 30, 2008. Objections filed after that date were not considered.

On December 28, 2012, the Court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of Florida Transportation Builders’ Association Mutual, Inc. effective December 31, 2012.

The Receiver provided as Early Access funds to the Florida Workers’ Compensation Insurance Guaranty Association a total of $48,410,644.49. Another $2,568,003.73 was paid as claims to the guaranty association. The total distribution in this estate was $50,978,648.22.

Estate Closed

The Department was discharged of all of its responsibilities in administering this estate and the estate was closed at 11:59 PM on December 31, 2012.