Southern Title Insurance Corporation, In Receivership

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CLAIMS FILING DEADLINE WAS 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 set the Claim Filing Deadline for six months after the date of the Liquidation Order.  Therefore, all claimants were to file their Proofs of Claim (�POC�) by the Claims Filing Deadline of January 28, 2015.  All timely filed claims were also required to be rendered, certain, liquidated, and non-contingent before 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.  If a POC is received after the Claims Filing Deadline, it will be considered as a lower priority claim to be paid after all other claims are paid subject to the availability of funds.

 

POC FORM

 

POC INSTRUCTIONS

 

RECEIVERSHIP APPEAL PROCEDURE

 

NOTICE TO TEXAS POLICYHOLDERS OF
APPROVAL OF ASSUMPTION AGREEMENT

On October 4, 2016, the Deputy Receiver filed her Application for Orders Setting Contingent Hearing, Approving Notice Procedures, Establishing Response Date, and Approving Proposed Assumption Agreement (the "Application"). The Application sought the Commission�s approval of the proposed assumption agreement (the "Assumption Agreement") between Southern Title Insurance Corporation ("Southern Title"), First National Title Insurance Company ("FNTI"), and the Texas Title Insurance Guaranty Association ("TTIGA"). FNTI is a Texas domiciled title insurer licensed to do business in the state of Texas. TTIGA is a non-profit association created by the Texas legislature that provides coverage for certain claims filed under Southern Title policies issued in the state of Texas. On February 1, 2017, the Commission approved the Assumption Agreement. A copy of the Commission�s Order Approving Assumption Agreement is posted in the Documents section of this web site.

 

Effective February 1, 2017, FNTI has agreed to assume certain liabilities of Southern Title and predecessors in interest on policies insuring Texas policies only. Any claims which were previously filed with, or paid or rejected by the Receiver of Southern Title or TTIGA are not included. Persons who believe they have any claims may contact FNTI at the following address or telephone number:

 

First National Title Insurance Company

2400 Dallas Parkway, Suite 580

Plano, Texas 75093

(972) 588-1280

1-(888) 944-3684

 

For policies issued in the state of Texas only, please contact First National Title using the link below

 

First National Title Insurance Compay

 

Receivership Filing Registration

 

Frequently Asked Questions regarding Hearing Notice

 
 

Contact Information:

Southern Title Insurance Corporation

P.O. Box 399

Richmond, Virginia 23218

Street Address:

c/o Cantilo & Bennett, L.L.P.
11401 Century Oaks Terrace
Suite 300
Austin, Texas 78758

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 .