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:
    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.


  • 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

  • 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.



  • Contact Information

  • 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.



  • 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 best viewed using the free Adobe Acrobat reader software.

    DateTitleSize
    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

     





DIVISION DIRECTOR

Toma Wilkerson


Division of Rehabilitation and Liquidation
325 John Knox Road
Atrium Building, Suite 101
Tallahassee, FL 32303

1-800-882-3054

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