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POC's that are or may be covered by the South Dakota Insurance Guaranty Association (SDIGA) have been forwarded to the SDIGA. The SDIGA has completed its review of these claims and provided notice to claimants or their attorneys of their resolution. Under SDCL 58-29B-118, these claims can be pursued in the Northern Plains liqidation proceeding only to the extent they are not covered by the SDIGA. Please feel free to contact us with any questions.
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).
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.