News & Updates
Letter Issued by the Conservation and Liquidation Office
January 29, 2015
To Whom It May Concern:
Please take notice that on January 28, 2015 the Superior Court of Los Angeles entered an Order Appointing Liquidator and the Insurance Commissioner of the State of California (the "Commissioner") was appointed as the Liquidator of SeeChange Health Insurance Company (the "Company"). The Company was determined to be insolvent and ordered liquidated. The Commissioner, as the Liquidator, is authorized to liquidate and wind up the business and affairs of said Company pursuant to Section 1016 of the California Insurance Code.
Members will have 12 months from their contract termination date to file their health insurance claims. Claims incurred prior to December 31, 2014 can still be reported. If you have any questions, please call (866) 218-6009.
The finding of insolvency triggers the life & health guaranty associations in your state to begin paying the covered claims of the Company up to their statutory limits. The valuation of each claim is determined in accordance with policy provisions and statutory requirements. Refer to the National Organization of Life & Health Insurance Guaranty Associations website for a list of guaranty association websites at: www.nolhga.com and click on "State Associations" for your state of residency.
FOR BROKERS, EMPLOYEES, AND ALL OTHER VENDORS:
The Liquidator is in the process of establishing a proof of claim process for unpaid premium refunds, unpaid taxes and general creditor claims. A copy of the Liquidation Order can be found on the Conservation & Liquidation Office website at: www.caclo.org/seechange. For additional instructions on how to obtain and complete the proof of claim form, please check the website after May 1, 2015 at: www.caclo.org/seechange. Additional information and Questions & Answers can be found on the Company 's website at: www.seechangehealth.com or call (877) 472-8262.
David E. Wilson
Special Deputy Insurance Commissioner
To view the original letter, please click here.
For more information, please contact a member of your b&p Sales Team - 888.722.3373.