National Service Insurance Company
Seizure Date: 12/05/1988 Conservation Date: 02/16/1989 Liquidation Date: 05/04/1989 POC Final Filing Date: 11/30/1989 Closure Date: 02/05/2004 Expand All    Collapse All Summary 1989 - 1 document 05/04/1989 - Liquidation Order

National Service Insurance Company was seized and liquidated along with its affiliate, Coastal Insurance Company, because neither company could produce audited financial statements.

National wrote the Automobile Physical Damage insurance portion of the liability policies written by Coastal. The California Insurance Guarantee Association, with funds received from an early access distribution, paid all policyholder claims. We have reviewed a claim filed by the Coastal Estate and determined it is properly assigned to National. We had a final distribution on July 7, 2003, followed by the Estate Closure on 02/05/2004.