IMPORTANT INFORMATION CONCERNING THE SPIRIT COMMERCIAL AUTO RRG RECEIVERSHIP
Spirit Commercial Auto Risk Retention Group
On February 27, 2019, Department XXVII of the Eighth Judicial District Court of Nevada entered its Permanent Injunction and Order Appointing Commissioner as Permanent Receiver of Spirit Commercial Auto Risk Retention Group, Inc., In Receivership (the “Permanent Order”). Pursuant to the terms of the Permanent Order, the Commissioner was appointed Permanent Receiver (“Receiver”), and the firm of CANTILO & BENNETT, L.L.P. has been appointed by the Receiver as Special Deputy Receiver of Spirit.
The permanent receivership against Spirit was ordered by the court because Spirit was insolvent and in a hazardous financial condition. You are invited to review the FAQs listed on this page, which explain numerous details of the receivership, to include the Receiver’s moratorium on claims payments, the process of submission of claims against the receivership, and the requirement to obtain alternative insurance coverage as of April 16, 2019, for any active insurance policy with Spirit. Currently, the Receiver does not have an estimated timeframe as to when claim or insurance defense disbursements will resume, as it will depend on many factors that are not yet known to the Receiver. We apologize for the hardship caused by the receivership and will be working our hardest to achieve the best outcome for Spirit’s claimants. Thank you for your patience and cooperation during the receivership process.