Notice of Liquidation
NOTICE IS HEREBY GIVEN THAT:
1.) THE COMMISSIONER OF INSURANCE OF THE STATE OF NEW JERSEY, HAS BEEN DIRECTED BY THE SUPERIOR COURT OF NEW JERSEY PURSUANT TO AN ORDER OF LIQUIDATION ("ORDER"), ENTERED ON MARCH 24, 1987, TO TAKE POSSESSION OF ALL OF THE PROPERTY OF INTEGRITY INSURANCE COMPANY ("INTEGRITY") AND TO LIQUIDATE THE PROPERTY OF INTEGRITY PURSUANT TO N.J.S.A. 17:30C-1, ET SEQ. PURSUANT TO SAID ORDER, THE COMMISSIONER HAS BEEN APPOINTED LIQUIDATOR, AND HE HAS APPOINTED A DEPUTY LIQUIDATOR.
2.) ALL INSURANCE POLICIES, BONDS OR OTHER CONTRACTS OF INSURANCE ("POLICY") ISSUED BY INTEGRITY SHALL TERMINATE UPON THE EARLIER OF (A) THE EXPIRATION OF THE POLICY COVERAGE; OR (B) THE DATE WHEN THE INSURED REPLACES THE INSURANCE COVERAGE WITH INSURANCE OF ANOTHER INSURER OR TERMINATES THE POLICY; OR (C) 12:01 A.M., EASTERN TIME, APRIL 24, 1987.
3.) ALL PERSONS OR ENTITIES ARE PERMANENTLY ENJOINED AND RESTRAINED FROM BRINGING, MAINTAINING OR FURTHER PROSECUTING ANY ACTION, SUIT OR PROCEEDING AGAINST INTEGRITY OR ITS SUBSIDIARIES, INTEGRITY CREDIT CORPORATION, INTEGRITY REALTY CORP. OR PRIME LIFE INSURANCE COMPANY, PURSUANT TO SAID ORDER, ALL PERSONS AND ENTITIES ARE ENJOINED AND RESTRAINED UNTIL MAY 8, 1987, FROM COMMENCING, MAINTAINING OR FURTHER PROSECUTING ANY CLAIM OR SUIT AGAINST ANY INSURED OF INTEGRITY.
4.) ALL PERSONS INDEBTED TO, OR HAVING ANY PROPERTY OF INTEGRITY SHALL FOR WITH RENDER AN ACCOUNT OF SAID INDEBTEDNESS AND IMMEDIATELY PAY OR DELIVER SUCH PROPERTY TO THE DEPUTY LIQUIDATOR.
5.) ALL CREDITORS OF INTEGRITY AND PERSONS HAVING UNSATISFIED CLAIMS OR DEMANDS AGAINST IT OR ITS POLICYHOLDERS/BONDHOLDERS ("POLICYHOLDERS") ARE HEREBY REQUIRED TO PRESENT SAME IN WRITING TO THE DEPUTY LIQUIDATOR AT THE ADDRESS BELOW
1.) THE COMMISSIONER OF INSURANCE OF THE STATE OF NEW JERSEY, HAS BEEN DIRECTED BY THE SUPERIOR COURT OF NEW JERSEY PURSUANT TO AN ORDER OF LIQUIDATION ("ORDER"), ENTERED ON MARCH 24, 1987, TO TAKE POSSESSION OF ALL OF THE PROPERTY OF INTEGRITY INSURANCE COMPANY ("INTEGRITY") AND TO LIQUIDATE THE PROPERTY OF INTEGRITY PURSUANT TO N.J.S.A. 17:30C-1, ET SEQ. PURSUANT TO SAID ORDER, THE COMMISSIONER HAS BEEN APPOINTED LIQUIDATOR, AND HE HAS APPOINTED A DEPUTY LIQUIDATOR.
2.) ALL INSURANCE POLICIES, BONDS OR OTHER CONTRACTS OF INSURANCE ("POLICY") ISSUED BY INTEGRITY SHALL TERMINATE UPON THE EARLIER OF (A) THE EXPIRATION OF THE POLICY COVERAGE; OR (B) THE DATE WHEN THE INSURED REPLACES THE INSURANCE COVERAGE WITH INSURANCE OF ANOTHER INSURER OR TERMINATES THE POLICY; OR (C) 12:01 A.M., EASTERN TIME, APRIL 24, 1987.
3.) ALL PERSONS OR ENTITIES ARE PERMANENTLY ENJOINED AND RESTRAINED FROM BRINGING, MAINTAINING OR FURTHER PROSECUTING ANY ACTION, SUIT OR PROCEEDING AGAINST INTEGRITY OR ITS SUBSIDIARIES, INTEGRITY CREDIT CORPORATION, INTEGRITY REALTY CORP. OR PRIME LIFE INSURANCE COMPANY, PURSUANT TO SAID ORDER, ALL PERSONS AND ENTITIES ARE ENJOINED AND RESTRAINED UNTIL MAY 8, 1987, FROM COMMENCING, MAINTAINING OR FURTHER PROSECUTING ANY CLAIM OR SUIT AGAINST ANY INSURED OF INTEGRITY.
4.) ALL PERSONS INDEBTED TO, OR HAVING ANY PROPERTY OF INTEGRITY SHALL FOR WITH RENDER AN ACCOUNT OF SAID INDEBTEDNESS AND IMMEDIATELY PAY OR DELIVER SUCH PROPERTY TO THE DEPUTY LIQUIDATOR.
5.) ALL CREDITORS OF INTEGRITY AND PERSONS HAVING UNSATISFIED CLAIMS OR DEMANDS AGAINST IT OR ITS POLICYHOLDERS/BONDHOLDERS ("POLICYHOLDERS") ARE HEREBY REQUIRED TO PRESENT SAME IN WRITING TO THE DEPUTY LIQUIDATOR AT THE ADDRESS BELOW
RICHARD L. WHITE
DEPUTY LIQUIDATOR
INTEGRITY INSURANCE COMPANY IN LIQUIDATION
P.O. BOX 1158
PARAMUS, NEW JERSEY 07652
DEPUTY LIQUIDATOR
INTEGRITY INSURANCE COMPANY IN LIQUIDATION
P.O. BOX 1158
PARAMUS, NEW JERSEY 07652
6.) ALL POLICYHOLDERS ARE REQUIRED TO FILE A CLAIM ON THE ENCLOSED FORM FOR THEIR POLICYHOLDER PROTECTION, WHETHER OR NOT A CLAIM HAS BEEN FILED AGAINST THE POLICYHOLDER.
7.) CLAIMS WHICH MAY BE COVERED UNDER AN INSURANCE GUARANTY ASSOCIATION WILL BE FORWARDED TO THE APPROPRIATE GUARANTY ASSOCIATION FOR PROCESSING. IF SUCH CLAIMS ARE SUBJECT TO A STATUTORY DEDUCTIBLE, ANY CLAIM NOT COVERED BY THE GUARANTY ASSOCIATION WILL REMAIN AS A CREDITORS CLAIM IN THE LIQUIDATION PROCEEDING.
8.) ALL PERSONS AND POLICYHOLDERS, AGAINST WHOM ACTIONS ARE PENDING, AND WHICH HAVE DEFINED BY AN ATTORNEY EMPLOYED OR RETAINED BY INTEGRITY, ARE ADVISED THAT THE EMPLOYMENT OR RETENTION OF SAID ATTORNEY IS TERMINATED MARCH 24, 1987, BY THE ENTRY OF THE ORDER, EACH SUCH PERSON, THEREFORE, IS ADVISED TO CONTACT THE GUARANTY ASSOCIATION IN THEIR STATE, OR TO RETAIN THE ATTORNEY OF THEIR CHOICE AT THEIR OWN EXPENSE. REASONABLE AND NECESSARY EXPENSE IN RELATION TO PROVIDING THEIR DEFENSE MAY BE INCLUDED IN THEIR CLAIM IN THE LIQUIDATION PROCEEDING.
9.) LIABILITY WILL BE DETERMINED AS TO ALL CLAIMS DULY PRESENTED, AND ALL ASSETS WILL BE DISTRIBUTED IN ACCORDANCE WITH THE INSURANCE LAWS OF THE STATE OF NEW JERSEY.
10.) ALL COMMUNICATIONS AND TRANSACTIONS RELATING TO INTEGRITY AND THE LIQUIDATION THEREOF SHOULD BE ADDRESSED TO THE DEPUTY LIQUIDATOR, AT THE ADDRESS SHOWN IN PARAGRAPH 5.
7.) CLAIMS WHICH MAY BE COVERED UNDER AN INSURANCE GUARANTY ASSOCIATION WILL BE FORWARDED TO THE APPROPRIATE GUARANTY ASSOCIATION FOR PROCESSING. IF SUCH CLAIMS ARE SUBJECT TO A STATUTORY DEDUCTIBLE, ANY CLAIM NOT COVERED BY THE GUARANTY ASSOCIATION WILL REMAIN AS A CREDITORS CLAIM IN THE LIQUIDATION PROCEEDING.
8.) ALL PERSONS AND POLICYHOLDERS, AGAINST WHOM ACTIONS ARE PENDING, AND WHICH HAVE DEFINED BY AN ATTORNEY EMPLOYED OR RETAINED BY INTEGRITY, ARE ADVISED THAT THE EMPLOYMENT OR RETENTION OF SAID ATTORNEY IS TERMINATED MARCH 24, 1987, BY THE ENTRY OF THE ORDER, EACH SUCH PERSON, THEREFORE, IS ADVISED TO CONTACT THE GUARANTY ASSOCIATION IN THEIR STATE, OR TO RETAIN THE ATTORNEY OF THEIR CHOICE AT THEIR OWN EXPENSE. REASONABLE AND NECESSARY EXPENSE IN RELATION TO PROVIDING THEIR DEFENSE MAY BE INCLUDED IN THEIR CLAIM IN THE LIQUIDATION PROCEEDING.
9.) LIABILITY WILL BE DETERMINED AS TO ALL CLAIMS DULY PRESENTED, AND ALL ASSETS WILL BE DISTRIBUTED IN ACCORDANCE WITH THE INSURANCE LAWS OF THE STATE OF NEW JERSEY.
10.) ALL COMMUNICATIONS AND TRANSACTIONS RELATING TO INTEGRITY AND THE LIQUIDATION THEREOF SHOULD BE ADDRESSED TO THE DEPUTY LIQUIDATOR, AT THE ADDRESS SHOWN IN PARAGRAPH 5.
