If you bought a Georgia health insurance policy from Imerica you need to find new coverage fast.
FROM: STEVE A. UHRYNOWYCZ, DEPUTY RECEIVER
DATE: MARCH 25, 2010
RE: STATUS OF IMERICA’S RECEIVERSHIP
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This communication is to update you as to Imerica’s status.
Imerica cannot be rehabilitated, and we expect that Imerica will be placed into liquidation in the next 30 – 45 days.
By a separate mailing, policyholders have been advised of this development. They have also been advised that, while State Life and Health Insurance Guaranty Associations will continue coverage and pay claims for a limited time, they should take steps to obtain insurance coverage to replace their Imerica policy as soon as possible. As such, you are free to transfer Imerica policies without being in violation of the November 18, 2009 receivership order.
Policyholders were also advised that Imerica has partnered with Golden Rule Insurance Company to give them a direct contact about replacing their Imerica coverage.
Once Imerica is placed into liquidation, you as well as all other claimants owed money by Imerica will be forwarded information as to the process to file a claim for the money owed to you. As was indicated in the November 20, 2009 communication to you, commission payments are general creditor claims which are below administrative and policyholder claims and cannot be paid until all administrative and policyholder claims are paid in full. It is unknown at this time whether there will be funds available to pay any percentage to you or other general creditors.
If you have questions or need additional information, please contact Imerica at 1-877-imerica, Menu Option 4.
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