What must creditors do to be eligible for any distribution of assets?
A “proof of claim” (POC) must be filed with the Receiver. A POC must be filed by those with policy claims and by general creditors. Claims must be re-filed even though they were reported to the company prior to its insolvency. This must be done before the “bar date” – a final date for filing claims. The filing of claims with the Association is not sufficient to perfect the claim with the Receiver.
