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National Insurance Company

National Insurance Company

Effective October 25th, 2011, National Insurance Company ("NIC") was ordered into receivership for the purposes of liquidation by the First District Court of San Juan in San Juan, Puerto Rico. The Puerto Rico Insurance Commissioner appointed Fernando L. Carbonell as the Auxiliary Liquidator   of NIC.  The Auxiliary Liquidator contacted claimants informing them of the requirement to file a proof of claim form in the liquidation on or before January 25, 2012.
 
With the entry of the liquidation order, the Florida Insurance Guaranty Association ("FIGA") has been activated to help pay outstanding Florida claims for property and casualty policies. The processing and payment of covered claims will be made by FIGA (subject to the lesser of policy limits or FIGA's maximum cap). The maximum amount FIGA will cover is generally $300,000 per claim. An additional $200,000 is available for structure and contents on homeowners’ claims. For more information see the FAQ section of this website. No claim will be paid in excess of this cap. All claims are subject to a $100 deductible over and above any deductible identified in the NIC policy.
 
Claimants who need to check on the status of an existing claim should call the Florida Insurance Guaranty Association at 1-800-988-1450 (toll-free).
 
All policy holders should be informed that per Section 631.68, Florida Statutes, the deadline for settling a claim or filing suit against FIGA is January 25, 2013.
 
For non-claim related questions regarding the receivership, consumers are asked to contact the Auxiliary Liquidator at (787) 622-8500 or mayolbianchi@microjuris.com .