On August 21, 2014, Red Rock Insurance Company (“Red Rock”) was the subject of an Order Placing Insurer into Receivership and Liquidation, Appointing Receiver, and for Permanent Injunction entered by the Oklahoma County District Court in Case No. CJ-2014-4353. The Order appoints the Commissioner of Insurance for the State of Oklahoma as Receiver for Red Rock and grants the Receiver full power, possession and control over the assets, business and affairs of the company, including all of the property, contracts, rights of action and books and records. The Receiver has appointed Nestor Romero as the Assistant Receiver.
Policies issued by Red Rock will be canceled on the earliest of the following dates:
• At 12:01 a.m. on the 31st day following the date of entry of the Order
• The date of expiration of the policy coverage
• The date the policyholder replaces the insurance coverage or otherwise terminates the policy.
For the protection of the policyholders, the Order activates the state guaranty associations in the states where Red Rock was licensed to do business.
More information may be obtained at http://www.okaro.org/