Pursuant to the Liquidation Order all Merced insurance policies are required to be cancelled effective 30 days from the date of the liquidation or January 2, 2019, unless your policy terminates prior to this date. In accordance with Ins. Code Section 1063.1(c)(1) CIGA is statutorily responsible to pay the unearned premium that is due to insureds for coverage that extends beyond the cancellation date. Insureds are encouraged to work with your insurance broker to replace your Merced insurance coverage immediately.
Notice has now been mailed to all Merced in force policy holders advising of the cancellation date.