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EDMUND G. BROWN JR.
Attorney General of the State of California
W. DEAN FREEMAN
Supervising Deputy Attorney General
MARK P. RICHELSON, SBN 581121
SCOTT T. FLEMING, SBN 170507
Deputy Attorneys General
300 South Spring Street
Los Angeles, CA 90013
Telephone: (213) 897-2482 (Richelson)
(415) 703-5710
Facsimile: (415) 703-5480
Attorneys for California Insurance Commissioner
Steve Poizner, in his capacity as Liquidator of
Superior National Insurance Company, Superior
Pacific Casualty Company, California Compensation
Insurance Company, Commercial Compensation
Casualty Company and Combined Benefits Insurance
Company
SUPERIOR COURT OF THE STATE OF CALIFORNIA
FOR THE COUNTY OF LOS ANGELES
CENTRAL CIVIL WEST-COMPLEX LITIGATION
INSURANCE COMMISSIONER OF THE STATE
OF CALIFORNIA, |
| Applicant, |
v. |
SUPERIOR NATIONAL INSURANCE
COMPANY, |
Respondent.
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AND CONSOLIDATED PROCEEDINGS.
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Case No. BS061974
Consolidated with:
BS 061975
BS 062171
BS 062173
BS 063746
Judge: Hon. Carl J. West
Department 311
ORDER
APPROVING LIQUIDATOR'S
SIXTH PROPOSAL TO
DISBURSE CERTAIN ASSETS
TO CERTAIN STATE
INSURANCE GUARANTY
ASSOCIATIONS OR FUND (Ins.
Code Section 1035.5)
Hearing Date: None
Last day to file and serve objection
or opposition: June 20, 2008
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The Court, after reviewing the Liquidator's Sixth Application For Order Approving Liquidator's Proposal to Disburse Assets to Certain State Guaranty Associations or Funds and the Declarations submitted in support thereof, all of which were filed directly in Department 311-CCW of the above-entitled Court and served on all parties, and the associations in and the commissioners of insurance of each of the states by certified United States First Class Mail on or before May 19, 2008, and the last day to file and serve an objection or opposition to said Application having been June 20, 2008, and no objection or opposition having been filed as of that date, ORDERS THAT:
- The requirements of Insurance Code section 1035.5 have been satisfied;
- The Court approves the proposal of the Liquidator of California Compensation Insurance Company to distribute and pay the following amounts from the assets of California Compensation Insurance Company to the following insurance guaranty associations:
| 1. | Alabama Insurance Guarantee Association | $ | 52,085 |
| 2. | Arkansas Prop. & Casualty Guaranty Fund | $ | 97,292 |
| 3. | California Insurance Guarantee Association | $ | 25,019,167 |
| 4. | Colorado Ins. Guaranty Association | $ | 2.001 |
| 5. | Florida Workers' Comp. Ins. Guaranty Association | $ | 227,612 |
| 6. | Georgia Insurers Insolvency Pool | $ | 336,917 |
| 7. | Kentucky Ins. Guaranty Association | $ | 7.00 |
| 8. | Louisiana Ins. Guaranty Association | $ | 113,220 |
| 9. | Missouri Ins. Guarantee Association | $ | 299,149 |
| 10. | New York Ins. Dept. Liquidation Bureau | $ | 5,033 |
| 11. | Oklahoma Prop. & Cas. Ins. Guar. Association | $ | 225,590 |
| 12. | So. Carolina Prop. & Casualty Guar. Association | $ | 4,051 |
| 1 De minimus payment |
- The Court approves the proposal of the Liquidator of Commercial Compensation Casualty Company to distribute and pay the following amounts from the assets of Commercial Compensation Casualty Company to the following insurance guaranty associations:
| 1. | Kentucky Ins. Guarantee Association | $ | 1,615 |
| 2. | Louisiana Ins. Guaranty Association | $ | 83,812 |
| 3. | New Jersey Workers' Compensation | $ | 61,334 |
| 4. | New York Ins. Dept. Liquidation Bureau | $ | 82,846 |
| 5. | Pennsylvania Workers' Comp. Security Fund | $ | 159,352 |
- The Court approves the proposals of the Liquidator of Superior Pacific Insurance Company to distribute and pay the following amounts from the assets of Superior Pacific Insurance Company to the following insurance guaranty associations:
| 1. | California Insurance Guarantee Association | $ | 4,869,509 |
| 2. | Texas Insurance Guarantee Association | $ | 100,229 |
- The Liquidator of California Compensation Insurance Company, Commercial Compensation Insurance Company and Superior Pacific Casualty Company is authorized to take any and all actions necessary to accomplish the purposes of this order.
| Dated: June 24, 2008 |
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CARL J. WEST
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CARL J. WEST |
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Judge of the Superior Court |
