Imerica Life & Health Insurance Company (Arkansas)

Reminder: GA Expense Reports Due

The Imerica Task Force is collecting information concerning expenses incurred by affected guaranty associations in connection with the Imerica Life & Health Insurance Company insolvency. The expense data will be used for purposes of reporting and for submission of an Omnibus Proof of Claim for this case. Our current survey includes expense information for the reporting period inception through June 30, 2010.

Expense data should be submitted by affected associations using NOLHGA's online proof of claim survey tool. Please advise Gus Estrada if you have no submissions to report. Please contact Joni Forsythe at 703.787.4103 for any questions related to the information requested to complete your survey. Contact Gus Estrada if you have questions regarding the proof of claims survey tool.

Task Force Chair - Andrea Bowers   Staff Contact - Joni Forsythe Medical Savings Insurance Company (Indiana)

Florida Court Rejects Efforts to Join Florida GA in Action Outside of Indiana Receivership Court

In an Order dated September 2, 2010, the Circuit Court of the 19th Judicial Circuit in and for Martin County, Florida (Case No. 03-258 CA) (the “Florida Court”) denied a motion by class-action plaintiffs to join the Florida Life & Health Insurance Guaranty Association as a party defendant. The suit was originally brought against Medical Savings Insurance Company (“MSIC”), an Indiana-domiciled insurer that was subsequently placed into liquidation in February 2009.

In the order, the Florida Court ruled that, while it had determined that MSIC breached the insurance certificates, it had not entered judgment against MSIC prior to its liquidation. The Florida Court recognized that the Indiana Liquidation Court “is overseeing the liquidation of Medical Savings Insurance Company, which includes overseeing claims made by all Medical Savings Insurance Company's insureds.” The Florida Court noted that Indiana and Florida were considered reciprocal states under the Uniform Insurers Liquidation Act. Specifically, the Florida Court found “that a granting of the Motion, without the approval of the Indiana Court overseeing the Indiana Liquidation Litigation, would violate the meaning and intent of the Liquidation Order which deserves comity by this Court.”

Task Force Chair – Dan Orth   Staff Contact - Joni Forsythe

Texas GA Moving

The Texas guaranty association will move into its new office next week. Due to the move, most of the association's systems will be down on Friday, September 24. As of September 27, the association will be located at:

Texas Life, Accident, Health & Hospital Service Insurance Guaranty Association
515 Congress Avenue, Suite 1875
Austin, TX 78701

The phone and fax numbers for the association will not change.

  Staff Contact - De Gadd