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:
October
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 Florida 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 sent notices of the liquidation proceeding and warranty contract
cancellation to all known warranty owners and the dealerships that handled the sales of these contracts. 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 Claim Number ("RCN")", which will allow the
Receiver to associate your request with the correct claim and receivership.
If you have recently changed your name or mailing address, please click
here.
For questions or comments regarding this website, please click
here.
CONSUMER HELPLINE 1-800-882-3054
Division of Rehabilitation and
Liquidation · 2020 Capital Circle SE Alexander Bldg Ste
340 · Tallahassee, FL 32301-0110
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