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    Date of Liquidation:

    • October 30, 2015

    Date of Discharge:

    • August 7, 2019

    Type of Business Sold:

    • Boiler and Machinery, Burglary and Theft, Elevator, Glass, Inland Marine and Physical Damage, Other Liability, Property and Allied Lines, Water Damage

    States Where Licensed:

    • Pennsylvania

    Liquidation Documents:

    ​REGIS INSURANCE COMPANY - ASSETS AND LIABILITIES

    Regis Insurance Company - Licensed Company
    Estimated Net Assets Available and Estimated Liabilities - As of 06\30\18
     
    Estimated Net Assets Available $433,163
     
    Includes early access distributions to Guaranty
    Associations of $0
     
    Estimated Liabilities
     
    Priority Class See Footnote 1

     
    A                                                                                                                                                                                                                      $614,267

     
    Less:
    Liquidation Expenses Paid                                                                                                                                    $(120,344)

     

    See Footnote 2

     
    B                                                                                                                                                                                                                      $1,784,750

     
    C

     
    D

     
    E                                                                                                                                                                                                                      $27,881

     
    F

     
    G

     
    H

     
    I

     
    Known but unevaluated claims

     
    Total Estimated Remaining Unpaid Liabilities                                                                                                                               $2,306,554

     

     
    Estimated Surplus (Deficit)                                                                                                                                                                   $(1,873,391)

     
    The Financial Statement Disclosure is an integral part of this statement. It is necessary to read the disclosure to fully understand the statements. PLEASE READ THIS DISCLOSURE.

     

    1 Priority Classes
    The order of distribution of claims from the insurer's estate is set forth in detail in Article V of the Insurance Department Act of 1921 at 40 P.S. 22144. Briefly the classes are:
    A Administrative expenses
    B Claims for policy benefits *
    C Federal government claims
    D Certain employee claims
    E Claims under nonassessable policies for unearned premium or other premium refund, claims of
    general creditors, and claims against payment & performance bonds.
    F State and local government claims
    G Late filed claims
    H Surplus or contribution note claims
    I Shareholder/owner claims.
     
    *Claims against payment and performance bonds are considered priority class "E" claims.
     
     
    Priority Class A - Administrative Expenses
    Administrative expenses include both the Guaranty Associations expenses related to administering the claims of the companies in liquidation and the Liquidators expenses. As shown, the Liquidators expenses have been bracketed to indicate they have been paid and the net assets available were reduced by that amount. The net difference in this priority class, if any, represents administrative expenses incurred by the Guaranty Associations.