Park Avenue Property & Casualty Insurance Company

Estate Overview

Case Number CJ-2009-11178

Receivership Date

11/18/2009

Liquidation Date

11/18/2009

Policies Terminated

12/18/2009

Deadline to file Proof of Claim

N/A

Closure Date

To be determined

Assistant Receiver

Mark Tharp of Tharp & Associates

Receivership Counsel

John O’Connor of Hall Estill

Judge

Roger Stuart

Events and Information

11/16/2018 - Recommendation Approved

The Oklahoma County District Court approved the Agreed Order Approving Recommendations Concerning Class 2 Claims.

10/29/2018 - Deadline Order Approved

The Oklahoma County District Court approved the Order Establishing Deadlines Relating to Receiver’s Recommendation For Adjudication of Class 2 Claims and Application For Approval of Final Class 2 Payments and Notice of Hearing.

10/22/2018 - Recommendation Filed

The Receiver filed the Receiver’s Recommendation For Adjudication of Class 2 Claims and Application For Approval of Final Class 2 Payments and Notice of Hearing.

11/30/2017 - Deadline Order Approved

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

10/16/2017 - Report Filed

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

12/01/2016 - Second Report Approved

The Oklahoma County District Court approved the Order Determining Claims, Approving Receiver’s Second Report on Claims and Overruling Objections.

10/25/2016 - 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.

10/17/2016 - Second Report Filed

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

08/03/2012 - First Report Approved

The Oklahoma County District Court approved the Order Determining Claims, Approving Receiver’s First Report on Claims and Overruling Objections.

04/13/2012 - First Report Filed

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

12/08/2009 - Policyholders (Auto) Notice

A copy of the Notice to Auto Policyholders uploaded.

11/23/2009 - Policyholders (Work Comp) Notice

A copy of the Notice to Workers Compensation policyholders uploaded.

11/23/2009 - Certificate Holders Notice

A copy of the Notice to Certificate Holders uploaded.

11/20/2009 - Liquidation Order Approved

The Oklahoma County District Court approved the Final Order of Liquidation and Cancellation of Policies.

11/18/2009 - Consent Order Approved

The Oklahoma County District Court approved the Consent Order of Liquidation With a Finding of Insolvency and Permanent Injunction.

Liquidation Information

On November 18, 2009, Park Avenue Property and Casualty Insurance Company (f/n/a Providence Property and Casualty Insurance Company) became the subject of a Consent Order of Liquidation with a Finding of Insolvency and Permanent Injunction, entered by the District Court of Oklahoma County, State of Oklahoma, Case No. CJ-2009-11178. Additionally, on November 20, 2009, the Court entered a Final Order of Liquidation and Cancellation of Policies.

Pursuant to the Orders and in accordance with Title 36 OKLA.STAT. §2007, all policies of insurance with Park Avenue Property and Casualty Insurance Company (Park Avenue) terminated and coverage under said policies was canceled effective no later than Friday, December 18, 2009 at 11:59 p.m.

For the protection of policyholders, the Order of Liquidation activates the state guaranty associations in the twenty-eight (28) states where Park Avenue is licensed to do business.

If you do not know which association your claim was transferred to or have questions regarding the liquidation process in general, you may contact the Assistant Receiver at (800) 388-2427.