Regulatory
Services
Group
Regulatory Services Group ("RSG") provides comprehensive services for target examinations, supervisions, conservations, receiverships, rehabilitations and liquidations. Our staff has vast experience managing delinquent insurance companies, along with rehabilitation and liquidation personnel and other professionals that are experienced in working with insurance regulators and guaranty funds, providing a variety of services including:
  • Supervision of Troubled Insurance Companies
  • Special Examination Services
  • Receivership Managers and Support Personnel
  • Information Technology
  • Reinsurance
  • Claims

RSG has and/or continues to serve the following clients:

CompanyState
Colorado Health Insurance CooperativeCO
Family Health HawaiiHI
National Guaranty Insurance CompanyNV
Physicians Benefits Resources Group, Inc.NV
Physicians Indemnity Risk Retention Group,
in Liquidation
NV
PROAIR Risk Retention Group, Inc.NV
Professional Aviation Insurance ReciprocalNV
WINhealth PartnersWY

In The News

Physicians Indemnity Risk Retention Group, Inc.
Receivership Claims and Appeals

If you have received a claim determination letter or a letter advising your claim will not be considered due to a lack of assets and wish to file an appeal, you must use this form to file an appeal: Receivership Claims and Appeals Procedure and Form.
Please follow the directions included and notify the Special Deputy Receiver (SDR) at (415) 676-2101 should you choose to file an appeal. Appeals of any kind must be received by the SDR within sixty (60) days of the determination that is being appealed, or the determination will be final.

Physicians Indemnity Risk Retention Group, Inc.
Temporary Receivership

On March 19, 2020, the Nevada Insurance Commissioner was appointed as Temporary Receiver of Physicians Indemnity Risk Retention Group, Inc. (PIRRG) by the Second Judicial District Court of the State of Nevada. The receivership order enjoins the Insurer, the officers, directors, stockholders, members, subscribers, agents, employees and all other persons from transacting any further business on behalf of the Insurer or wasting or disposing of any assets or property of the Insurer. In addition, all persons are hereby immediately enjoined from the commencement or prosecution of any actions by or on behalf of the Insurer or against the Insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the Insurer, or making any levy against its assets or any part thereof.

Colorado Health Insurance Cooperative
Risk Corridor Receivable Sale and EAD Approval

On November 22, 2019, the Denver Colorado District Court approved the sale of the Colorado HealthOp's ACA risk corridor receivable to Juris Capital. The sale calls for a $20 million upfront, non-recourse payment and a formulaic shared recovery based on the outcome of the litigation. The $20 million upfront, non-recourse payment was received on November 29, 2019.

Colorado Health Insurance Cooperative
Conway v. U.S. Reinsurance Judgment

On October 18, 2019, the United States Court of Federal Claims entered judgment in favor of the Colorado HealthOp in the amount of $24,489,799 in a case brought against the federal government for offsets claimed against reinsurance amounts due to the Colorado HealthOp. The federal government has appealed this judgment.

Colorado Health Insurance Cooperative
RFP for the Sale of the Risk Corridor Receivable

On January 26, 2018, the Liquidator of the Colorado HealthOp initiated an RFP for the sale of the risk corridor receivable. Please review the RFP at the following link, Colorado HealthOP - RFP

Family Health Hawaii
Liquidation Order

On April 7, 2016, the Circuit Court of the First Circuit, in the State of Hawaii, entered an Order of Liquidation in the case entitled Insurance Commissioner of the State of Hawaii v. Family Health Hawaii, MBS, S.P. No. 16-1-0086 KTN, which placed Family Health Hawaii, MBS in liquidation ("the Company in Liquidation"), and authorized the Insurance Commissioner to take possession and control of the Company in Liquidation's assets as the Liquidator and assume the powers of the Company in Liquidation's directors and officers for the protection of policyholders, creditors, and the public pursuant to the provisions of the Insurers Supervision, Rehabilitation and Liquidation Act of the Hawaii Insurance Code, Hawaii Revised Statutes, Chapter 431, Article 15, and Mutual Benefit Societies, Hawaii Revised Statutes, Chapter 432, Article 1. The Insurance Commissioner has the responsibility to take these actions whenever a company is deemed to be statutorily impaired.

WINhealth Partners

On January 12, 2016 the Wyoming Insurance Commissioner, in his capacity as Receiver of Winhealth Partners, Inc. (Winhealth), sought and obtained an order from Wyoming's District Court, First Judicial District, County of Laramie, finding Winhealth statutorily insolvent. In accordance with the Order to Liquidate Winhealth, the Commissioner took possession of all of Winhealth's property, and administered the orderly liquidation of Winhealth's failed HMO business.

Colorado Health Insurance Cooperative
Liquidation Order

On January 4, 2016, an Expedited Order of Liquidation and Finding of Insolvency for Colorado Health Insurance Cooperative (CHIC) was approved by the Denver County District Court. The Commissioner of Insurance for the State of Colorado was appointed as the Liquidator of CHIC.

Colorado Health Insurance Cooperative
Rehabilitation Order

On November 10, 2015, an order granting the petition for rehabilitation of CHIC was entered by the Denver County District Court ("Court's order") and the Commissioner was appointed as the Rehabilitator of CHIC.

WINhealth Partners
Receivership Order

On October 21, 2015, the Insurance Commissioner of the State of Wyoming ("Commissioner") was appointed as Receiver of WINhealth Partners for the purposes of conservation and rehabilitation pursuant to Wyoming Statute section 26-28-105(a)(I), (ix), and 26-34-122(a). The Commissioner's motion for requested injunctions has been granted. The Commissioner seeks to conserve WINhealth Partner's assets in an effort to rehabilitate the health maintenance organization and ensure that claims are paid.

PAIR Reciprocal and PROAIR RRG mail Proof of Claims

All known potential creditors of Professional Aviation Insurance Reciprocal and PROAIR Risk Retention Group were mailed Proof of Claim forms on January 30, 2015. Potential creditors were identified from the books and records of each company. Many of the potential creditors were noted in the records of both companies, and they were sent a Proof of Claim in each. If you believe that you have a claim against either, or both, entities, please use either the form you received that applies to the proper entity for your claim, or file claims in each entity if you believe you have separate claims against each. If per chance your potential claim was not identified in the records of either entity, you may download the forms from this website, or you will need to contact the Regulatory Services Group at 415-676-2121, or email at info@rsgca.org and request that a Proof of Claim be mailed to you.

PROAIR Risk Retention Group, Inc.
Receivership Order

On November 12, 2014, the Nevada Insurance Commissioner was appointed as Permanent Receiver of PROAIR Risk Retention Group, Inc. by the Eighth Judicial District Court of the State of Nevada. The receivership order enjoins the insurer, all of its officers, directors, stockholders, agents and employees from transacting any further business on behalf of the insurer or wasting or disposing of any assets or property of the insurer. In addition, all persons are hereby immediately restrained from the commencement or prosecution of any actions by or on behalf of the insurer or against the insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.

Professional Aviation Insurance Reciprocal
Receivership Order

On July 3, 2014, the Nevada Insurance Commissioner was appointed as Permanent Receiver of Professional Aviation Insurance Reciprocal by the Eighth Judicial District Court of the State of Nevada. The receivership order enjoins the insurer, all of its officers, directors, stockholders, agents and employees from transacting any further business on behalf of the insurer or wasting or disposing of any assets or property of the insurer. In addition, all persons are hereby immediately restrained from the commencement or prosecution of any actions by or on behalf of the insurer or against the insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.

Physicians Benefit Resources
Risk Retention Group, Inc.
Liquidation Order

On June 17, 2014, the Nevada Insurance Commissioner was appointed as Permanent Receiver of Physicians Benefit Resources Risk Retention Group, Inc. ("PBR") and an order of liquidation was issued by the First Judicial District Court of the State of Nevada. The liquidation order enjoins and restrains all persons, corporations, associations and all other entities wherever located from interfering in any manner with the Receiver's possession of the property or his title to or right therein and from interfering in any manner with the conduct of receivership of PBR. In addition, all persons are hereby enjoined and restrained from wasting, transferring, selling, disbursing, disposing of, or assigning the Property and from attempting to do so. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.

National Guaranty Insurance Company
Liquidation Order

On June 12, 2014, the Nevada Insurance Commissioner was appointed as Permanent Receiver of National Guaranty Insurance Company ("NGIC") by the Second Judicial District Court of the State of Nevada, and an order of liquidation was issued. The liquidation order enjoins and restrains all persons, corporations, associations and all other entities wherever located from interfering in any manner with the Receiver's possession of the property or his title to or right therein and from interfering in any manner with the conduct of receivership of NGIC. In addition, all persons are hereby enjoined and restrained from wasting, transferring, selling, disbursing, disposing of, or assigning the Property and from attempting to do so. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.

Professional Aviation Insurance Reciprocal
Order to Show Cause and Injunction

On May 29, 2014, the Nevada Insurance Commissioner was appointed as Interim Receiver of Professional Aviation Insurance Reciprocal by the Eighth Judicial District Court of the State of Nevada. The receivership order enjoins the insurer, all of its officers, directors, stockholders, agents and employees from transacting any further business on behalf of the insurer or wasting or disposing of any assets or property of the insurer. In addition, all persons are hereby immediately restrained from the commencement or prosecution of any actions by or on behalf of the insurer or against the insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof. The Order to Show Cause and Injunction hearing date has been set for June 26, 2014.

National Guaranty Insurance Company
Receivership Order

On May 6, 2014, the Nevada Insurance Commissioner was appointed as interim Receiver of National Guaranty Insurance Company by the Second Judicial District Court of the State of Nevada. The receivership order enjoins the insurer, all of its officers, directors, stockholders, agents and employees from transacting any further business on behalf of the insurer or wasting or disposing of any assets or property of the insurer. In addition, all persons are hereby immediately restrained from the commencement or prosecution of any actions by or on behalf of the insurer or against the insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.