Western Star Ins. Co., Ltd.
Conservation Date: 08/29/1994 Liquidation Date: 08/29/1994 Closure Date: 09/29/2004 Expand All    Collapse All Summary 2004 - 1 document 09/29/2004 - Approval of Motion Terminating Ancillary Liquidation Proceedings

The Florida Department of Insurance was appointed domiciliary receiver of this company on June 14, 1994. There was no insurance guarantee coverage for the claimants of this company. The estate had no assets, but was kept open due to a potential lawsuit recovery.

Following the resolution of this litigation, on September 29, 2004, the Los Angeles Superior Court approved the Commissioner's motion to terminate the ancillary liquidation proceedings, discharge the Commissioner as liquidator and to seek other specific relief and release from liability. The court signed the Commissioner's proposed order, which effectively closes the estate as of 9/29/04.