Go Insurance Company
Estate Overview
Case Number CJ-2023-6377
Receivership Date
11/09/2023
Liquidation Date
03/08/2024
Policies Terminated
04/08/2024
Deadline to file Proof of Claim
09/04/2024
Closure Date
To be determined
Assistant Receiver
Donna L. Wilson, CIR-ML
Receivership Counsel
George Emerson of Riggs, Abney, Neal, Turpen, Orbison & Lewis
Judge
Honorable Judge Sheila D. Stinson
IMPORTANT ANNOUNCEMENT
The Oklahoma County District Court approved the Order of Liquidation with a Finding of Insolvency on March 8, 2024.
Pursuant to the Order and in accordance with Title 36 OKLA STAT §2007, all policies of insurance with Go Insurance Company were terminated and coverage under said policies were cancelled effective no later than Monday, April, 8, 2024, at 12:01 AM. A sample cancellation notice may be downloaded below.
For the protection of policyholders, the Order of Liquidation activated the State Guaranty Funds in the states where Go was licensed to do business.
Frequently Asked Questions
For Go Insurance Policyholders:
On March 8, 2024, the court ordered Go Insurance Company to be liquidated.
According to the order, all policies were terminated and coverage under these policies was cancelled no later than April 8, 2024 at 12:01 AM.
You may use the same methods of communicating with Go support to request a Letter of Experience.
If we determine a refund is due, the Guaranty Association will be provided the information to issue premium refunds. This process may take several weeks. If you haven’t heard from the Guaranty Association, you may periodically reach out to the receivership office for status updates.
New claims should be reported to Go in the same manner as before liquidation. After the loss is reported, we will transfer your claim to the Guaranty Association, and they will reach out if any additional information is needed.
You will be receiving an official letter with a Notice of Deadline to File Claims against the receivership estate. If your claim has not been paid before the deadline in the Notice, we suggest you follow the directions in the Notice.
Per Texas Statute, all proceedings against Go Insurance, its policyholders or the Guaranty Association is stayed for 180 days.
You may reach out to Go support through previous methods or may email us at oro.goi@okaro.org.
For Claimants:
The Guaranty Association will be taking over the claims handling process. If additional information is needed to process your claim, the Guaranty Association will contact you. We are in the process of sending all claim files to the Guaranty Association.
IMPORTANT: If you have coverage from another insurance carrier, per Guaranty Association statute, you will be required to exhaust all other coverages before requesting coverage from the Guaranty Association.
Your coverage will not change. However, the Guaranty Association has different caps and exclusions. Once the Guaranty Association has your claim, they will be able to provide that information.
Generally, it takes at least 2 weeks for a file to be transferred to the Guaranty Association. If you don’t hear from the Guaranty Association in the next 2 weeks, you may reach out to Go support for a status update.
Once the Guaranty Association has your file, you will be able to get that information directly from them. Once a claim file is received, the Guaranty Association will review the claim.
You will be receiving an official letter with a Notice of Deadline to File Claims against the receivership estate. If your claim has not been paid before the deadline in the Notice, we suggest you follow the directions in the Notice.
Per Texas Statute, all proceedings against Go Insurance, its policyholders or the Guaranty Association is stayed for 180 days.
You may reach out to Go support through previous methods or may email us at oro.goi@okaro.org.
For Third-Party Claims:
Yes. However, per Texas Statute, all proceedings against Go Insurance, its policyholders or the Guaranty Association are stayed for 180 days.
Subrogation claims will be handled through the court-approved proof of claim process.
If your information is available in Go’s records, you will be receiving an official letter with a Notice of Deadline to File Claims against the receivership estate.
You may reach out to Go support through previous methods or may email us at oro.goi@okaro.org.
Events and Information
04/24/2024 - Notice of Liquidation
Copy of the approved Notice of Liquidation.
04/04/2024 - Proof of Claim Form
Copy of the approved Proof of Claim form.
04/04/2024 - Notice Order Approved
The Oklahoma County District Court approved the Order Approving Receiver’s Combined Application for Approval of (A) Notice of Liquidation, (B) Form of Proof of Claim and Instructions and Application for Approval of Receiver’s Claims Reporting and Evaluation Plan.
03/19/2024 - Application Filed
The Receiver filed the Receiver’s Combined Application for Approval of Notice of Liquidation, and Form of Proof of Claim and Instructions, and Application for Approval of Receiver’s Claims Reporting and Evaluation Plan and Opportunity to Object and Notice of Hearing.
03/12/2024 - Sample Cancellation Notice
Sample Cancellation Notice sent to all active policyholders.
03/08/2024 - Liquidation Order Approved
The Oklahoma County District Court approved the Order of Liquidation With a Finding of Insolvency.
02/06/2024 - Order Approved
The Oklahoma County District Court approved the Order Approving Amended Application for Order Authorizing the Receiver to Non-Renew Policies.
12/19/2023 - Agreed Order Approved
The Oklahoma County District Court approved the Agreed Order Placing Go Insurance Company Into Receivership, Appointing Receiver, Granting Injunctive Relief and Order for Rehabilitation and Consent Thereto.
11/09/2023 - Order Approved
The Oklahoma County District Court approved the Order Directing Insurer to Show Cause and Allowing Injunctive Relief.
11/09/2023 - Application Filed
The Insurance Commissioner of Oklahoma filed the Application for Order Directing Insurer to Show Cause and Request for Injunctive Relief.