THE WATERTOWN OFFICE WILL BE CLOSED AS OF 2-28-14.  Please see Contact Us for information on how to reach us.

 

Northern Plains Placed into Liquidation

On September 18th, 2012, Northern Plains Insurance Company, Inc. was placed into liquidation by the State of South Dakota, County of Hughes Sixth Judicial Court (See Order of Liquidation). Merle Scheiber, Director of Insurance for the State of South Dakota, was appointed Liquidator. Also on September 18th, 2012, Merle Scheiber appointed Michael FitzGibbons of FitzGibbons and Company, Inc. as Special Deputy Liquidator (See Appointment of Special Deputy).

All persons who may have claims against the Company must file a verified originial Proof of Claim (POC).

 

Cancellation of All Policies

By issue of the Order, pursuant to SDCL § 58-29B-47, all policies in effect at the time of issuance of an Order of Liquidation continue in force only for the lesser of:

(1)  thirty days from the date of entry of the liquidation order (i.e. October 18, 2012 at 11:59 pm CST;

(2)  the expiration of the policy coverage;

(3)  the date when the insured has replaced the insurance coverage with equivalent insurance with another insurer or otherwise terminated the policy; or

(4)  the Liquidator has effected a transfer of the policy obligation pursuant to SDCL § 58-29B-49

For further information see Notice to Claimants.

 

Notice to Policyholders for which Premium was received Post Liquidation

  • If your renewal is between 9-18-12 and 10-18-12, your policy will cancel at the latest 10-18-12. Payment for the period after 10-18-12, or an earlier cancellation date, will be returned to the policyholder.  This return of premium doesn't involve the SDIGA so the $100 deductible would not apply.
  • Installment payments and reinstatements received on policies in force as of 9-18-12 will cancel at the latest 10-18-12.  Payments for the period after 10-18-12, or an earlier cancellation date, will be returned to the policyholder.  This return of premium doesn't involve the SDIGA so the $100 deductible would not apply.
  • EFT(s) will be accepted on policies in force as of 9-18-12 where this installment payment is for coverage during the 30 day period ending 10-18-12.  Payment for the period after 10-18-12, or an earlier cancellation date, will be returned to the policyholder.  This return of premium doesn't involve the SDIGA so the $100 deductible would not apply.
  • For any payments received and deposited by check or EFT on or after 9-18-12 for due dates 9-18-12 and subsequent, the policyholder will be charged only for the days of coverage until cancellation, replacement or termination on 10-18-12.  The unearned portion of the payments received will be returned to the policyholder.  The SDIGA deductible doesn't apply to this return of premium.