K.E.L. TITLE INSURANCE GROUP INC

Company Information

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:
Closed
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
Date of Discharge:
June 30, 2022

A Loss Portfolio Transfer ("LPT") to Connecticut Attorneys Title Insurance Company ("CATIC") was executed on March 11, 2022.

​All KELTIG active insurance policies and liabilities on open and future claims have been transferred to CATIC. As of March 11, 2022, all claims will be the responsibility of CATIC.

Please contact CATIC for further information:

CATIC
4901 Vineland Road, Suite 210
Orlando, Florida 32811
www.catic.com
(860) 257-0606

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.

Background Information
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.

Agent Information

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

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.

Claims Information

Claims Information:

​All KELTIG active insurance policies and liabilities on open and future claims have been transferred to CATIC.  As of March 11, 2022, all claims will be the responsibility of CATIC. Please contact CATIC for further information:

CATIC
4901 Vineland Road, Suite 210
Orlando, Florida 32811
www.catic.com
(860) 257-0606

Contact Information

Who do I contact for general questions concerning KELTIG?
Please contact CATIC:
​CATIC
4901 Vineland Road, Suite 210 
Orlando, Florida 32811 
www.catic.com
(860) 257-0606


Policy and Coverage Information

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.


Financial Statements

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

DateTitleSize
12/31/2021Financial Statement67K
09/30/2021Financial Statement67K
06/30/2021Financial Statement89K
03/31/2021Financial Statement67K
12/31/2020Financial Statement68K
09/30/2020Financial Statement68K
06/30/2020Financial Statement70K
03/31/2020Financial Statement70K
12/31/2019Financial Statement70K
09/30/2019Financial Statement70K
06/30/2019Financial Statement70K
03/31/2019Financial Statement67K
12/31/2018Financial Statement70K
09/30/2018Financial Statement70K
06/30/2018Financial Statement67K
03/31/2018Financial Statement58K
12/31/2017Financial Statement69K
09/30/2017Financial Statement60K
06/30/2017Financial Statement57K
03/31/2017Financial Statement57K
12/31/2016Financial Statement55K
09/30/2016Financial Statement57K
06/30/2016Financial Statement55K
03/31/2016Financial Statement55K
12/31/2015Financial Statement81K
09/30/2015Financial Statement80K
06/30/2015Financial Statement81K
03/31/2015Financial Statement80K
12/31/2014Financial Statement105K
09/30/2014Financial Statement54K
06/30/2014Financial Statement56K
12/31/20132013 NAIC Annual Financial Statement288K
12/31/2012Amended 2012 NAIC Annual Statement310K
12/31/20122012 NAIC Annual Financial Statement307K