On October 31, 2013, San Antonio Indemnity Company (SAIC) was found to be insolvent and placed into liquidation proceedings by the 201st District Court of Travis County, Texas. The liquidation will be administered by the Texas Department of Insurance through a Special Deputy Receiver (SDR). The Texas Property and Casualty Insurance Guaranty Association (TPCIGA) has been triggered to handle Texas claims for certain policy losses of SAIC.
INSURANCE POLICY & COVERAGE INFORMATION
The SDR will send notice to SAIC policyholders advising of the termination of their policies. Policyholders should immediately contact their insurance agent or broker in order to obtain replacement coverage effective no later than November 30, 2013. The Texas Department of Insurance website offers an FAQ for consumers regarding policies and coverages.
NEW & PENDING LOSS CLAIMS INFORMATION
Policyholders should continue to notify SAIC of new claims and lawsuits by calling
The SDR will arrange for the transfer of loss claim files to TPCIGA for handling. We ask that policyholders and claimants be patient during this transition period as we obtain and undertake our initial review of the files. The TPCIGA will be unable to discuss the status of a pending claim until the file has been transferred and reviewed.
If you have a hardship claim or are in temporary housing due to a covered loss, please contact TPCIGA and we will try to expedite your inquiry.
Claims for unearned premium will be processed as soon as possible after TPCIGA receives all necessary financial information from the SDR. It is not necessary to file a claim for your unearned premium.
LAWSUITS & STAY OF LITIGATION
All lawsuits against SAIC are permanently stayed by the Liquidation Order. In addition,
the Texas Property and Casualty Insurance Guaranty Association Act provides for a
SPECIAL DEPUTY RECEIVER (SDR)
Milford Consulting LLC
PO Box 279
Dripping Springs TX 78620
Phone and Fax 877-
More information is available through the SDR's website at http://www.texassdr.com
Information as of 11/19/2013
San Antonio Indemnity Company
Information on this site is not legal advice and is not intended to be a comprehensive statement of the law or of the TPCIGA's policies and procedures. References to the laws of any jurisdiction are for informational purposes only and are not a substitute for the official version of a statute. TPCIGA makes no warranty as to the accuracy or reliability of the content of this website or other related websites.
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