CFO Jimmy's Patronis' Seal

NATIONAL TITLE INSURANCE COMPANY

Company Information

Company Demographic Information
Name of Company:
NATIONAL TITLE INSURANCE COMPANY
Case Number:2009 CA 2577
Guaranty Association:
None
Type of Coverage:
Title
State of Domicile:
Florida
Status of Receivership:
Closed
Important Receivership Dates
Date of Rehabilitation:
July 06, 2009
Date of Liquidation:
N/A
Policy Cancellation Date:N/A
Claims Filing Deadline:
N/A
Objection Deadline:
See Below
Date of Discharge:
March 31, 2019

A Loss Portfolio Transfer ("LPT") to Connecticut Attorneys Title Insurance Company ("CATIC") was executed on March 19, 2019.

All NTIC active insurance policies and liability on open and future claims have been transferred to CATIC.   As of March 19, 2019, all claims will be the responsibility of CATIC. 


Please contact CATIC for further information:

Connecticut Attorneys Title Insurance Company ("CATIC")
4901 Vineland Road, Suite 340, Orlando, FL 32811

Attention: National Title Insurance Company - Claims  

Phone (407) 373-7124



Notice of Receivership

​On July 6, 2009, National Title Insurance Company (“National Title”) was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court appointed Receiver of National Title. The company consented to the receivership.

Background Information
​National Title Insurance Company, a Florida corporation that was licensed in 1936, was headquartered in Miami, Florida. The company was authorized to write title insurance policies in Florida, Alabama, Georgia, Louisiana, Mississippi, South Carolina and Tennessee. No policies were written in Louisiana, Mississippi or South Carolina. National Title is no longer writing new policies. On July 10, 2012, the Receiver filed the Receiver's Status Report and Motion for Approval of Revised Plan of Rehabilitation and Cancellation of Out of State Policies ("Motion"). On July 13, 2012, the Court issued an Order Approving the Receiver's Revised Plan of Rehabilitation and Cancellation of Out of State Policies ("Order"). The revised plan is summarized below; however, copies of both the Motion and Order can be reviewed in their entirety, by clicking here. Below is a summary of the Receiver's Revised Plan of Rehabilitation as approved by the Court:
    Florida Policyholders:
    • Florida policies will remain in full force and effect during the rehabilitation of National Title. The Receiver will calculate the amount of funds needed to pay all Florida claims and administrative expenses of this estate for one year. The information will be provided to the Office of Insurance Regulation (OIR) which will assess title insurance companies writing in Florida to cover the existing Florida claims and administrative costs of the estate for the balance of 2012 and annually in the future. Click here to see a copy of the Court ordered Notice and Invoice.
  • Alabama, Georgia, and Tennessee Policyholders:
    • In the states of Alabama, Georgia, and Tennessee, outstanding National Title policies are cancelled effective 11:59 p.m. on the date of the Order, July 13, 2012.
    • A claims filing deadline of July 13, 2013 is established for claims of policyholders located in Alabama, Georgia and Tennessee.
    • Claims are to be submitted to the Receiver on or before the claims filing deadline. Claims submitted after the claims filing deadline will be denied unless otherwise ordered by the Court.
    • The Receiver has published notice in various publications in Alabama, Georgia and Tennessee regarding the cancellation of the National Title policies in those states. Click here to view a copy of the Notice of Cancellation.
    • The Receiver will establish a process for the review of claims and an objection process. Due to limited funds, all claims payments on policies written in these states will stop until after the claims filing deadline.
    • Pursuant to Section 631.400, Florida Statutes, the Receiver will allocate funds in the estate to pay claims in Alabama, Georgia and Tennessee.

Department Discharged

​Ordering that the receivership shall be closed, and the Department's administration of this receivership shall be deemed satisfied, approved, and confirmed in all respects, and the Department, its deputies and all other employees shall be discharged without further order of this Court, from any and all duties, obligations and liabilities in the administration of the receivership at 12:01 a.m. on March 31, 2019.

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 March 31, 2019.

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

Court Documents

DateTitleSize
03/31/2019Order Approving Department's Discharge Accounting Statement, Directing Final Discharge, and Authorizing Destruction of Obsolete Records1,062K
03/22/2019Department's Motion for Order Approving Discharge Accounting Statement, Directing Final Discharge, and Authorizing Destruction of Obsolete Records1,976K
10/14/20152015 Title Insurance Assessment For National Title Insurance Company Rehabilitation782K
12/19/20142014 Title Insurance Assessment For National Title Insurance Company Rehabilitation449K
10/28/2014Order Accepting Receiver's Status Report and Granting Motion for an Assessment in Accordance with Section 631.400, Florida Statutes502K
09/04/2012Title Insurance Assessment335K
07/10/2012Receiver's Status Report and Motion for Approval of Rehabilitation Plan and Cancellation of Out of State Policies423K
07/10/2012Order Approving Revised Plan of Rehabilitation and Cancellation of Out of State Policies24K
10/19/2009Order Approving Proposed Plan of Rehabilitation19K
10/13/2009Receiver's Status Report and Motion for Approval of Rehabilitation Plan639K
07/06/2009Consent Order Appointing the Florida Department of Financial Services as Receiver for Purposes of Rehabilitation, Injunction, and Notice of Automatic Stay98K

 

Notices

DateTitleSize
11/16/2012Assessment Recoupment Notice issued by the Florida OIR16K
09/12/2012Court-Ordered Assessment Notice and Invoice45K
07/25/2012Notice of Cancellation of All National Title Insurance Policies in Alabama, Georgia and Tennessee15K
07/14/2009Notice to Agent or Broker Regarding the Rehabilitation of National Title Insurance Company69K

 

Other

DateTitleSize
07/07/2014Insolvency Report924K