Driver's Insurance Company, Inc.

Estate Overview

Case Number CJ-2013-694

Receivership Date

01/01/2013

Liquidation Date

05/13/2013

Policies Terminated

06/13/2013

Deadline to file Proof of Claim

01/10/2014

Closure Date

To be determined

Assistant Receiver

Terry K. Smith

Receivership Counsel

Jones, Otjen, and Davis

Judge

Lisa T. Davis

Events and Information

05/13/2019 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Tenth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/10/2019 - Tenth Report Filed

The Receiver filed the Receiver’s Tenth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

01/18/2019 - Ninth Report Approved

The Oklahoma  County District Court approved the Order Determining Claims and Approving Receiver’s Ninth Report on Claims.

11/15/2018 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Ninth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

11/09/2018 - Ninth Report Filed

The Receiver filed the Receiver’s Ninth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

06/28/2018 - Eighth Report Approved

The Oklahoma  County District Court approved the Order Determining Claims and Approving Receiver’s Eighth Report on Claims.

06/04/2018 - Amended Notice of Hearing

The Amended Notice of Hearing on the Receiver’s Eighth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation uploaded.

05/14/2018 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Eighth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/07/2018 - Eighth Report Filed

The Receiver filed the Receiver’s Eighth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

01/12/2018 - Seventh Report Approved

The Oklahoma  County District Court approved the Order Determining Claims and Approving Receiver’s Seventh Report on Claims.

11/15/2017 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Seventh Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

11/09/2017 - Seventh Report Filed

The Receiver filed the Receiver’s Seventh Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

07/14/2017 - Sixth Report Approved

The Oklahoma  County District Court approved the Order Determining Claims and Approving Receiver’s Sixth Report on Claims.

05/11/2017 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Sixth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/10/2017 - Sixth Report Filed

The Receiver filed the Receiver’s Sixth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

02/17/2017 - Fifth Report Approved

The Oklahoma  County District Court approved the Receiver’s Fifth Report and confirmed the Receiver’s recommendations.

11/07/2016 - Fifth Report Filed

The Receiver filed the Receiver’s Fifth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

11/07/2016 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Fifth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

08/12/2016 - Fourth Report Approved

The Oklahoma  County District Court approved the Receiver’s Fourth Report and confirmed the Receiver’s recommendations.

05/12/2016 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Fourth Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/09/2016 - Fourth Report Filed

The Receiver filed the Receiver’s Fourth Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

01/15/2016 - Third Report Approved

The Oklahoma  County District Court approved the Receiver’s Third Report and confirmed the Receiver’s recommendations.

11/12/2015 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Third Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

11/10/2015 - Third Report Filed

The Receiver filed the Receiver’s Third Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

08/14/2015 - Second Report Approved

The Oklahoma  County District Court approved the Receiver’s Second Report and confirmed the Receiver’s recommendations.

05/13/2015 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Second Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/08/2015 - Second Report Filed

The Receiver filed the Receiver’s Second Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

08/15/2014 - First Report Approved

The Oklahoma  County District Court approved the Receiver’s First Report and confirmed the Receiver’s recommendations.

05/15/2014 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s First Report on Claims Evaluation and Setting Hearing Date for Receiver’s Report.

05/09/2014 - First Report Filed

The Receiver filed the Receiver’s First Report on Claims Evaluation and Request for Confirmation of Receiver’s Recommendation.

10/18/2013 - Deadline Extension Approved

The Oklahoma County District Court approved the Order Approving Receiver’s Sixty Day Extension of Deadline for Filing Proof of Claim and Approval of Revised Claims Reporting and Evaluation Plan.

10/18/2013 - Notice of Liquidation

A copy of the Notice of Liquidation – Extended Deadline uploaded.

10/18/2013 - Proof of Claim Form and Instructions

A copy of the Proof of Claim Form and Instructions uploaded.

10/18/2013 - Unconditional Assignment Form

A copy of the Unconditional Assignment Form uploaded.

06/07/2013 - Application Order Approved

The Oklahoma County District Court approved the Order Approving Receiver’s Combined Application for Approval of Notice of Liq, Form of Proof of Claim, Form of Unconditional Assignment.

05/13/2013 - Application Order Approved

The Oklahoma County District Court approved the Order of Liquidation with Finding of Insolvency.

05/13/2013 - Application Order Filed

The Receiver filed the Receiver’s Application for Order of Liquidation.

02/21/2013 - Amended Order Approved

The Oklahoma County District Court approved the Amended Order Placing Insurer into Receivership, Appointing Receiver, Injunction and Order for Rehabilitation and Consent Thereto.

01/31/2013 - Rehabilitation Order Approved

The Oklahoma County District Court approved the Order Placing Insurer into Receivership, Appointing Receiver, Permanent Injunction and Order for Rehabilitation and Consent Thereto.

Liquidation Information

Policyholders, claimants and creditors having claims against Driver’s Insurance Company (Driver’s) should have filed a proof of claim, together with proofs of loss with the Assistant Receiver no later than January 10, 2014. Proof of Claim forms received after January 10, 2014 will lose their statutory priority and may not receive a distribution of assets.

For the protection of policyholders, the Order of Liquidation activated the State Guaranty Funds in the states where Driver’s was licensed to do business. It is believed that most claimants will be protected by their State Guaranty Fund subject to statutory limitations. The claim files have been transferred to the appropriate State Guaranty Funds. Contact information for the impacted State Guaranty Funds:

Texas Property & Casualty Insurance Guaranty Association, 9120 Burnet Road, Austin, TX 78758

Phone:  (512) 345-933  Fax:  (512) 795-0448

Oklahoma Property & Casualty Insurance Guaranty Association, Suite 330E, 2601 Northwest Expressway, Oklahoma City, OK 73112

Phone:  (405) 843-5454

Georgia Insurers Insolvency Pool, Suite R, 2177 Flintstone Drive, Tucker, GA 30084 

Phone:  (770) 621-9835 Fax:  (770) 938-3296

Driver’s was placed into receivership for rehabilitation on January 31, 2013 and was amended on February 21, 2013 by the Oklahoma District Court. Subsequently, on May 13, 2013, the court entered an Order of Liquidation with a Finding of Insolvency.

Pursuant to the Order and in accordance with Title 36 OKLA STAT §2007, all policies of insurance with Driver’s Insurance Company shall be terminated and coverage under said policies were cancelled effective on Thursday, June 13, 2013 at 12:01 a.m. This notice did not extend coverage beyond any previous cancellation date but did supersede any cancellation or non-renewal effective after June 13, 2013.