SENSIBLE HOME WARRANTY
|Company Demographic Information|
|Name of Company:||SENSIBLE HOME WARRANTY|
|Case Number:||2015 273|
|Type of Coverage:||Home Warranty Association|
|State of Domicile:||Nevada|
|Status of Receivership:||Closed|
|Important Receivership Dates|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||February 19, 2015|
|Policy Cancellation Date:||February 19, 2015|
|Claims Filing Deadline:||August 19, 2015|
|Objection Deadline:||January 25, 2016|
|Date of Discharge:||June 30, 2016|
Notice of Receivership
On February 19, 2015, Sensible Home Warranty, LLC (“SHW”) was ordered into ancillary 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 Ancillary Receiver of SHW.
SHW is a Nevada domiciled warranty company. SHW's primary place of business was in Brooklyn, NY. SHW apparently closed its NY offices and, as of May 2014, had a notice posted on its website that it had "shuttered its operations." The company failed to file its 2013 Annual Statement and was ordered by the Florida Office of Insurance Regulation ("OIR") to cease writing new business in Florida on March 11, 2014. As of June 1, 2014, SHW's license to offer home warranty contracts in Florida expired.
On September 24, 2014, the Department of Insurance in Nevada issued an order setting liquidation procedures.
Available records indicate that approximately 383 Florida consumers had open policies with SHW with unrefunded premiums at the time the company "shuttered its operations." The deadline for filing claims in the SHW Ancillary Receivership was 12:01 a.m. on August 19, 2015.
THERE IS NO GUARANTY ASSOCIATION COVERAGE FOR WARRANTY AGREEMENTS
Claims Distribution Made
On April 12, 2016, 196 Sensible Home Warranty distribution checks were mailed to claimants. This represented a pro-rata distribution of 15.339% to Class 2 (loss) claimants. Claimants had 45 days in which to cash their checks.
Pursuant to the court orders, all undelivered distributions will be sent to the Department of Financial Services, Bureau of Unclaimed Property. The Bureau of Unclaimed Property may be reached at:
Phone: (850) 410-9253 Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Bureau of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910
The Ancillary Receiver was discharged from any and all duites, obligations, and liabilities in the administration of the Sensible Home Warranty receivership at 11:59 PM on June 30, 2016.
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