HOMEWISE INSURANCE COMPANY
|Company Demographic Information|
|Name of Company:||HOMEWISE INSURANCE COMPANY|
|Case Number:||2011 3221|
|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 18, 2011|
|Policy Cancellation Date:||December 18, 2011|
|Claims Filing Deadline:||November 18, 2012|
|Date of Discharge:||June 30, 2017|
Notice of Receivership
On November 18, 2011, HomeWise Insurance Company (“HomeWise”) 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 HomeWise.
Company Demographic Information
On August 24, 2012, the Department mailed Proof of Claim forms to all known claimants for HomeWise Insurance Company. The deadline for filing a Proof of Claim was November 18, 2012.
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 refrain from filing a report with the Court regarding those claims unless the HPIC estate recovers additional assets sufficient to make distributions beyond Class 1. The Court also authorized the Department to not mail any additional notifications to claimants with claims in Classes 2-11 unless it becomes necessary to evaluate claims in those classes.
On May 15, 2017, the court approved the First Interim Claims Report, Final Claims Report, Distribution Report and the Distribution Accounting Statement. The Department has been authorized and directed to make distributions to claimants as indicated in the Distribution Accounting Statement. In June 2017, a distribution of $1,304,065.31 was made to FIGA, representing 12.1568% of the guaranty association's Class 1 claim. no further distributions are anticipated.
The Department was discharged of all of its responsibilities in administering the HWIC estate 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
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
|08/27/2012||Notice to Policyholders Regarding the Receivership/Liquidation of HomeWise Insurance Company (Spanish version)||222K|
|08/27/2012||Notice to Policyholders Regarding the Receivership/Liquidation of HomeWise Insurance Company||132K|