An Order Commencing Liquidation Proceedings & Granting An Injunction & Automatic Stay of Proceedings for First Keystone Risk Retention Group, Inc. was signed by Judge L. Casey Manning in the State of South Carolina, Richland County, Court of Common Pleas, Fifth Judicial Circuit on October 21, 2014 - C.A. No. 2014-CP-40-5987.
The Petitioner, Raymond G. Farmer, as Director of the South Carolina Department Of Insurance, and his successors in office were appointed Liquidator. Michael J. FitzGibbons of FitzGibbons and Company, Inc. was designated Special Deputy Liquidator. Please see the Notice of Legal Rights and Obligations for important information regarding the liquidation process.
All persons who may have claims against First Keystone must file a verified original Proof of Claim (POC). The DEADLINE for filing claims is 5:00 p.m. MST on February 28, 2015. For more information concerning the Proof of Claim process, please see Proof of Claim Notice and Proof of Claim Form and Instructions.
By issue of the Liquidation Order, and pursuant to South Carolina Code of Laws, all First Keystone insurance policies will cancel no later than November 20, 2014 at 11:59 p.m. EST. Policies may cancel earlier than this date. For complete details see Notice to Policyholders & Agents.
Due to the Order, First Keystone will no longer defend or pay for the defense of its insureds. Therefore, any insured in such a situation should make arrangements to employ independent counsel to defend against any legal action which would otherwise be covered under a First Keystone policy.
First Keystone RRG, Inc
9821 N. 95th Street, Suite 105
Scottsdale, AZ 85258