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Case Number: 00CVH 11-10534*
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| Judge: |
Honorable Julie M. Lynch
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| Court: |
Franklin County, Ohio, Court of Common Pleas
Civil Division
369 South High Street
Columbus, OH 43215
(614) 525-3621
Court Web Site
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November 21, 2012
The Franklin County, Ohio, Court of Common Please granted the Liquidator's Application
for an Order Terminating the Liquidation Proceedings of Acceleration National Insuranance Company.
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IMPORTANT UPDATE
March 25, 2011
The Liquidator has filed her Motion for Approval of the Liquidator's Calculation and Payment of the Second Early Access Payments to the Guaranty Associations
and the Liquidator's First Report of Non-Guaranty Association Class 2 Policyholder Level Claims and First Interim Distribution to Non-Guaranty Association Class 2
Claimants. The Liquidator plans to make a First Interim Distribution to Non-Guaranty Association Class 2 Claimants whose claims are identified in Exhibit B to the Motion in an amount equal
to 20.72% of each of the allowed Class 2 claims.
NOTE: The Liquidator redacted (removed) the claimants' names and addresses on the Report in response to claimants' requests that we protect their
contact information. Therefore, to locate your claim in the Searchable PDF of the Liquidator's Final Report of Claims, you must have your Proof of Claim number,
which is an 8-digit number, to search the Report. On the Report, you will see the Liq# located in the left hand column. If you do not have your Proof of Claim
(Liquidator) number, please call our office at 614-487-9200 during business hours (Monday through Friday, 8 a.m. until 5 p.m. Eastern Time) to request this information.
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GOOD FAITH ESTIMATE
March 25, 2011
Ohio Revised Code 3903.42 sets forth the priorities and order of distribution of claims. Based upon our best good faith estimates and barring any unforeseen circumstances, the Liquidator presently anticipates making a 100% dividend distribution
on allowed at Class 1 (administrative expense) claims and a dividend distribution on claims allowed at Class 2 (policyholder) priority level in the 80-83% range. It is anticipated that one interim distribution will be made before the end of the
second quarter of 2011 sufficient to pay allowed Class 2 (policyholder) level claimants 39% of the amount of their allowed claims. It is anticipated that another interim distribution will be made before the end of the fourth quarter of 2011
sufficient to pay allowed Class 2 (policyholder) level claimants another 35% of the amount of their allowed claims. It is anticipated that a final distribution will occur and this estate will be closed in 2012. As soon as deemed appropriate,
further information regarding the distributions will be posted on our web site here and in court filed documents that can be viewed by clicking on the Documents tab above. These good faith estimates are based upon information available and the
circumstances known at the time that they were made. Before relying on these estimates in making any decisions, be aware that the underlying facts and circumstances upon which they are based are subject to change.
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This is the case number (00CVH 11-10534) that was assigned to this
Liquidation. This case number can be used when researching information
through the courts pertaining to this Liquidation.
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