More than 1,000 Ohioans who have policies with American Trade Association Inc., American Trade Association LLC, Smart Data Solutions LLC and/or Serve America Assurance, will be affected by the liquidation of the companies in Tennessee, the Ohio Department of Insurance reports.
On April 14, 2010, the Davidson County Chancery Court of Nashville, Tenn., granted the state of Tennessee’s petition for liquidation of the above companies, finding that they were hazardous, financially or otherwise to its policyholders, its creditors or the public. On April 27, the court declared the companies to be insolvent.
On May 20, 2010, the court issued a final order of liquidation, placing the companies into receivership. Leslie A. Newman, commissioner of the Tennessee Department of Commerce and Insurance has been appointed the liquidator of the companies.
All policies of insurance or other benefits expired on May 31. The filing deadline for claim submissions is on or before 5:30 p.m. EDT on August 31.
More information, including how to file a claim with the Tennessee Liquidator, can be found at www.americantradeliquidation.com or by calling the Tennessee Department of Insurance at 1-800-342-4029.
Ohioans who had health insurance through these companies are encouraged to seek coverage from a licensed agent or company.
Source: Ohio Department of Insurance
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