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FLORIDA SELECT INSURANCE COMPANY

Company Information

Company Demographic Information
Name of Company:
FLORIDA SELECT INSURANCE COMPANY
Case Number:2006 1669
Guaranty Association:
NONE
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:
N/A
Policy Cancellation Date:N/A
Claims Filing Deadline:
April 12, 2010
Objection Deadline:
See Below
Date of Discharge:
June 30, 2013

Notice of Receivership

On June 30, 2006, Florida Select Insurance Company (“Florida Select”) was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of Florida Select. The company consented to the receivership.


Florida Select, a Florida corporation licensed in 1996, was headquartered in Birmingham, Alabama and had additional offices in Sarasota, Florida. The company is authorized to transact business in the state of Florida as a domestic property and casualty insurer. Florida Select wrote homeowner’s multi-peril, allied lines, and fire insurance coverage in Florida. Florida Select also wrote business in South Carolina and had policies in force in that state. The company is an affiliate of Vesta Fire Insurance Corporation; Vesta Insurance Corporation; Texas Select Lloyds Insurance Company; Shelby Casualty Insurance Company; The Shelby Insurance Company; and Select Insurance Services, Inc., all of which are in receivership under the control of the Texas Department of Insurance.

Florida Select - Established Claim Filing Deadline of April 12, 2010

On October 2, 2009, the Receiver filed its Status Report and Motion for Approval of Rehabilitation Plan ("Motion"). On October 13, 2009, the Receivership Court entered its Order Approving Receiver's Status Report and Motion for Plan of Rehabilitation ("Order"). The issued Order established a claim filing deadline of April 12, 2010 in the Florida Select estate.

 

On Friday, October 30, 2009, notices were mailed to approximately 144,000 potential claimants of Florida Select. The notice informed all claimants of the receivership plan and claim filing deadline.

 

Effective 12:01 A.M. on June 30, 2013, the Receiver was discharged from all responsibilities in the Florida Select Insurance Company receivership. Pursuant to the Court Order, all remaining funds are to be transferred to the Texas Receiver of the Vesta Fire Insurance Corporation.

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 June 30, 2013.

The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.

Court Documents

DateTitleSize
07/16/2013Order Approving Receiver's Discharge Accounting Statement, Directing Final Discharge and Authorizing Destruction of Obsolete Records, Directing Disposition of Remaining Assets and Closing Estate24K
07/01/2013Receiver's Motion for order Approving Discharge Accounting Statement, Directing Final Discharge and Authorizing Destruction of Obsolete Records66K
10/13/2009Order Approving Receiver's Status Report and Motion for Plan of Rehabilitation28K
10/02/2009Receiver's Status Report and Motion for Approval of Rehabilitation Plan4,233K
12/21/2006Receiver's Motion for Order Approving Plan for Transition of Florida Select Policies - Florida Policies717K
12/21/2006Order Approving The Receiver's Motion for Order Approving Plan for Transition of Florida Select Policies - Florida Policies21K
10/04/2006Order Approving The Assumption Agreement Between Florida Select Insurance Company and Capitol Preferred Insurance Company21K
10/04/2006Receiver's Motion for Order Approving Assumption Agreement Between Florida Select Insurance Company and Capitol Preferred Insurance Company443K
06/30/2006Consent Order Appointing The Florida Department of Financial Services As Receiver For Purposes of Rehabilitation, Injunction, And Notice Of Automatic Stay104K

 

Notices

DateTitleSize
10/30/2009Notice Regarding Florida Select Insurance Company - Established Claim Filing Deadline of April 12, 201040K
05/11/2009Important Information Regarding Florida Select Insurance Company - Wimberly Claims Service47K
02/19/2007Notice to Agents and Brokers of Florida Select Insurance Company46K
02/07/2007Addendum to Notice of Cancellation or Notice of Non-Renewal - Florida Policyholders15K
12/28/2006Notice of Non-Renewal (Sample) - Florida Policyholders12K
12/28/2006Notice of Cancellation (Sample) - Florida Policyholders12K
10/24/2006Notice to Agent or Broker Regarding The Receivership of Florida Select Insurance Company and the Assumption of the Company's South Carolina Policies78K
10/10/2006Notice to South Carolina Policyholders of Florida Select Insurance Company46K
07/07/2006Notice to Agent or Broker Regarding the Receivership of Florida Select Insurance Company46K

 

Other

DateTitleSize
10/19/2012Insolvency Report920K