Company Demographic Information Name of Company: K.E.L. TITLE INSURANCE GROUP INC Case Number: 2012 CA 3514 Guaranty Association: None Type of Coverage: Title State of Domicile: Florida Status of Receivership: Rehabilitation Important Receivership Dates Date of Rehabilitation: October 30, 2012 Date of Liquidation: N/A Policy Cancellation Date: N/A Claims Filing Deadline: N/A Objection Deadline: See Below
Notice of Receivership
On October 30, 2012, K.E.L. Title Insurance Group, Inc. ("KELTIG") 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 KELTIG. The company consented to the receivership.
KELTIG, a Florida corporation licensed in 2007, was headquartered in Orlando, Florida. The company wrote title insurance policies in Florida only. KELTIG has written in approximately 14,000 title insurance policies in Florida. KELTIG is no longer writing new insurance coverage, except for the issuance of policies for which the closing on real property occurred on or before October 12, 2012. The company’s existing policies are not cancelled by the rehabilitation order and will continue in the ordinary course of business.
The Receiver closed KELTIG’s office on December 18, 2012. For information regarding a pending claim or to file a new claim, see the Claims Information section.
On June 4, 2014, The Florida Office of Insurance Regulation approved the assessment of all Title Insurance companies domiciled in Florida for the amount sufficient to pay known claims, loss adjustment expenses and the cost of administration of the estate for the balance of 2014. Assessments may be performed on an annual basis after that and will cover Florida claims and administrative costs. For more information on the assessment, click here. Invoices were mailed June 9, 2014 and the payment deadline for the assessed carriers is September 4, 2014.
I am an agent who has written policies with KELTIG. What should I do?
The Receiver will be contacting you in the near future to verify all collected premium has been submitted to KELTIG. We will also be working with you to collect your unused inventory of policy jackets. Agents should complete an inventory of their current jackets to make sure all are accounted for.
Will KELTIG policyholders receive a written notice from KELTIG or the Receiver about the status of their policy?
The Receiver is still in the early stages of assessing the company's situation. If the status of the previously issued title policies changes, policyholders will receive some type of notification from the Receiver.
Assessment Information (Florida Only)
Florida policies will remain in full force and effect during the rehabilitation of K.E.L. 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. The assessed amount will include the amount sufficient to pay known claims, loss adjustment expenses and the cost of administration of the estate for the balance of 2014. Assessments will be performed on an annual basis after that and will cover Florida claims and administrative costs for a one year period of time. Click here to see a copy of the Court ordered Notice and Invoice. The assessment applies to all Title insurers doing business in Florida as is applied on a market share basis. Payment is due within ninety (90) days after the date of the assessment order. Assessed companies may surcharge new policyholders a three dollar ($3.00) surcharge on each title policy issued to recoup funds. The OIR assessment of title companies required assessments to be paid by a date 90 days following the date of OIR's order or September 4, 2014.
How do I report a new claim?
New claims must be reported in writing by fax, UPS/FedEx or regular mail only. The initial notice of claim should contain all pertinent supporting documentation. The supporting documents required will depend on the nature of the claim. The initial notice of claim should contain:
- A completed Claim Submission Form.
- Supporting documentation including but not limited to:
- Copy of the title insurance policy.
- Copy of the final settlement statement (or HUD-1).
- Any additional documents that the claimant wishes to have considered in support of the claim.
Claimants can submit a claim by:
- Fax to (850) 413-3997, or
- Mail or UPS/FedEx to:
Receiver for KELTIG
Attention: Claims Section
Division of Rehabilitation and Liquidation
325 John Knox Road, Atrium Building, Suite 101
Tallahassee, FL 32303
If I have already filed a claim with KELTIG, will the Rehabilitation affect the status of my claim?
The Receiver has transitioned the administration of all claims to a service provider for further handling and resolution. Your patience is appreciated.
How can I find out the status of my claim?
You may contact the Receiver by using the "Contact Us" form to send us an email if you have any questions or concerns about the status of your claim or the Rehabilitation process.
If I have general questions about the receivership of KELTIG, how do I contact the Florida Department of Financial Services which is the court- appointed Receiver of KELTIG?
You may contact the Receiver by using the "Contact Us" form (on the Receiver's website, www.myfloridacfo.com/division/Receiver) or by calling 1-800-882-3054 (Florida only) or 850-413-3081.
What is the current status of my title policy with KELTIG?
All previously issued title policies that are valid and in effect shall remain in force. The company stopped issuing new title policies on October 12, 2012, except for the issuance of policies for which the closing on real property occurred on or before October 12, 2012.
The following documents are provided as Adobe Acrobat PDF files best viewed using the free Adobe Acrobat reader software.
Date Title Size 12/31/2020 Financial Statement 68K 09/30/2020 Financial Statement 68K 06/30/2020 Financial Statement 70K 03/31/2020 Financial Statement 70K 12/31/2019 Financial Statement 70K 09/30/2019 Financial Statement 70K 06/30/2019 Financial Statement 70K 03/31/2019 Financial Statement 67K 12/31/2018 Financial Statement 70K 09/30/2018 Financial Statement 70K 06/30/2018 Financial Statement 67K 03/31/2018 Financial Statement 58K 12/31/2017 Financial Statement 69K 09/30/2017 Financial Statement 60K 06/30/2017 Financial Statement 57K 03/31/2017 Financial Statement 57K 12/31/2016 Financial Statement 55K 09/30/2016 Financial Statement 57K 06/30/2016 Financial Statement 55K 03/31/2016 Financial Statement 55K 12/31/2015 Financial Statement 81K 09/30/2015 Financial Statement 80K 06/30/2015 Financial Statement 81K 03/31/2015 Financial Statement 80K 12/31/2014 Financial Statement 105K 09/30/2014 Financial Statement 54K 06/30/2014 Financial Statement 56K 12/31/2013 2013 NAIC Annual Financial Statement 288K 12/31/2012 Amended 2012 NAIC Annual Statement 310K 12/31/2012 2012 NAIC Annual Financial Statement 307K
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
Date Title Size 06/04/2014 2014 Title Insurance Assessment for KEL Title Insurance Group Rehabilitation 663K 10/30/2012 Consent Order Appointing the Florida Department of Financial Services as Receiver for Purposes of Rehabilitation, injunction, and Notice of Automatic Stay 100K 10/25/2012 Petition For Order Appointing The Florida Department Of Financial Services as Receiver For Purposes Of Rehabilitation, Injunction, And Notice Of Automatic Stay 707K
Date Title Size 06/09/2014 Sample Assessment Notice and Invoice 200K 11/09/2012 Notice To Agent or Broker 72K
Date Title Size 02/08/2013 Claim Submission Form 120K