Southern Title Insurance Corporation, In Receivership

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CLAIMS FILING DEADLINE - JANUARY 28, 2015

On July 28, 2014, the State Corporation Commission (the "Commission") for the Commonwealth of Virginia entered its Order of Liquidation with a Finding of Insolvency (“Liquidation Order”) for Southern Title Insurance Corporation (“Southern Title”).  The Commission has set the Claim Filing Deadline for six months after the date of the Liquidation Order.  Therefore, all claimants must file their Proofs of Claim (“POC”) by the Claims Filing Deadline of January 28, 2015.  Southern Title is currently adjudicating Proofs of Claim and will issue a Notice of Claim Determination approving or denying the POC.  If a claim is denied, the claimant may file an appeal under the Receivership Appeal Procedure.  Listed below are links to the POC Form, POC Instructions, Liquidation Order, and the Receivership Appeal Procedures.

 

POC FORM

 

POC INSTRUCTIONS

 

On December 20, 2011, pursuant to Title 38.2, Chapters 10 and 15 of the Virginia Code, the Circuit Court for the City of Richmond issued an Order that appointed the State Corporation Commission of the Commonwealth of Virginia (the "Commission") as Receiver of Southern Title Insurance Corporation ("Southern Title").

 

Receivership is a protective measure established under Virginia law to protect policyholders in the event an insurer experiences financial difficulty.  The Circuit Court for the City of Richmond found Southern Title to be in a condition, where any further transaction of business would be hazardous to the policyholders, creditors, members, and the public.  Both Southern Title and the Commission determined that the receivership was necessary to protect the interests of policyholders and creditors.

 

Effective July 26, 2012, a moratorium was placed on all claim payments pursuant to the Third Directive of Deputy Receiver Imposing Suspension and Moratorium.

 

Receivership Filing Registration

 

Frequently Asked Questions regarding Hearing Notice

 

Important Documents

Application for Orders Setting Hearing on Liquidation of Southern Title Insurance Company, Establishing Response Dates, Ordering Liquidation, Approving Claims Filing Deadline, and Related Matters (2013-10-4)

Scheduling Order (2013-10-28)

 

Contact Information:

Southern Title Insurance Corporation

P.O. Box 399

Richmond, Virginia 23218

804-648-6000

800-468-0151

Claims Contact Information:

To file a new claim, please complete the POC Form and submit the claim to the address above or by e-mail to newclaims@southerntitle.com.
To request a policy, please send an e-mail to documentrequest@southerntitle.com.
To file a Proof of Claim in the receivership, click here for the instructions and claim form.
If you would like to receive electronic copies of documents concerning Southern Title, click here .