I know this is the wrong section, but this matter needs attention! I know most of us own another exotic/super car other than the Ford GT. Some of you may have policies with this company, the owner is all over the exotic car forums, some of you may know him. Check it out:
Division of Rehabilitation and Liquidation
Company Information - The Exotic Warranty Company ("Exotic")
Name of Company: The Exotic Warranty Company
Date of Liquidation: April 12, 2006
Policy Cancellation Date: April 12, 2006
Claims Filing Deadline: April 12, 2007
Guaranty Association: None
Type of Coverage: Unauthorized Insurer
State of Domicile: Florida
Status of Receivership: Liquidation
On April 12, 2006, The Exotic Warranty Company ("Exotic") was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of Exotic.
Exotic, a Florida corporation since January 2003, was headquartered in Bradenton, Florida. Investigation by the Office of Insurance Regulation and the Florida Department of Financial Services discovered that Exotic was selling motor vehicle service agreement contracts ("warranties"), an insurance product. Exotic was not licensed to conduct insurance business in Florida and was therefore considered an unauthorized insurer.
At the time of liquidation, Exotic provided car, boat and RV warranties to over 1,000 warranty owners in at least 43 states and four foreign countries. By court order, the warranties are cancelled effective April 12, 2006. The Receiver is in the process of sending notices of the liquidation proceeding and warranty contract cancellation to all known warranty owners and the dealerships that handled the sales of these contracts. Currently, the Receiver is aware of ten claims submitted to Exotic for warranty coverage. Additionally, as a result of the April 12, 2006 cancellation, certain warranty owners may be entitled to a return of some of the contract price they paid for coverage. There is no guaranty association coverage for claims arising under either unauthorized insurers or motor vehicle service agreements.
It is the claimant's responsibility to notify the Receiver, in writing, if there is a change in their name or mailing address. When corresponding with the Receiver, be sure to reference "Exotic Warranty Company" and the "Receiver's Identification Number", which will allow the Receiver to associate your request with the correct claim and receivership.
http://www.fldfs.com/Receiver/Exotic...mpany_info.htm
Division of Rehabilitation and Liquidation
Company Information - The Exotic Warranty Company ("Exotic")
Name of Company: The Exotic Warranty Company
Date of Liquidation: April 12, 2006
Policy Cancellation Date: April 12, 2006
Claims Filing Deadline: April 12, 2007
Guaranty Association: None
Type of Coverage: Unauthorized Insurer
State of Domicile: Florida
Status of Receivership: Liquidation
On April 12, 2006, The Exotic Warranty Company ("Exotic") was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida ("Court"). The Florida Department of Financial Services is the court appointed Receiver of Exotic.
Exotic, a Florida corporation since January 2003, was headquartered in Bradenton, Florida. Investigation by the Office of Insurance Regulation and the Florida Department of Financial Services discovered that Exotic was selling motor vehicle service agreement contracts ("warranties"), an insurance product. Exotic was not licensed to conduct insurance business in Florida and was therefore considered an unauthorized insurer.
At the time of liquidation, Exotic provided car, boat and RV warranties to over 1,000 warranty owners in at least 43 states and four foreign countries. By court order, the warranties are cancelled effective April 12, 2006. The Receiver is in the process of sending notices of the liquidation proceeding and warranty contract cancellation to all known warranty owners and the dealerships that handled the sales of these contracts. Currently, the Receiver is aware of ten claims submitted to Exotic for warranty coverage. Additionally, as a result of the April 12, 2006 cancellation, certain warranty owners may be entitled to a return of some of the contract price they paid for coverage. There is no guaranty association coverage for claims arising under either unauthorized insurers or motor vehicle service agreements.
It is the claimant's responsibility to notify the Receiver, in writing, if there is a change in their name or mailing address. When corresponding with the Receiver, be sure to reference "Exotic Warranty Company" and the "Receiver's Identification Number", which will allow the Receiver to associate your request with the correct claim and receivership.
http://www.fldfs.com/Receiver/Exotic...mpany_info.htm