These plans often contain a k feature. Questions and Answers Answer Amount During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT
Department Director John M. Huff has been named receiver of Lumbermen's Underwriting Alliance LUAwhich allows the Director, as receiver, to take over operations of the company. LUA specializes in providing property and casualty insurance to the forest products industry, generally consisting of lumber and sawmill operations.
Over time, LUA expanded its offerings, and therefore its membership, to a broader range of industries and insurance coverages. ByLUA was providing property allied lines, inland marine, earthquake, and workers' compensation coverage to assisted living facilities and the food processing industry, as well as the forest products industry.
LUA also issued large deductible workers' compensation plans for professional employer organizations "PEOs". Lumbermen's faced financial difficulty when one of its largest PEO insureds, TS Employment, failed to fully fund collateral obligations and filed Chapter 11 bankruptcy.
The company, through its attorney-in-fact, U. Epperson, consented to the rehabilitation judgment. Rehabilitation is a legal step taken by the Court to protect policyholders by preserving the company's assets.
The Director as the Rehabilitator assumes management of the company, attempts to correct existing problems, continues operations, maintains policyholder accounting and develops a plan of rehabilitation or petitions the Court for liquidation.
With a rehabilitation, the Director's priority will be to process existing claims. Policies will continue pursuant to their terms and conditions. Policyholders must continue making their premium payments to keep their insurance coverage intact. Payments should continue to be sent to LUA.
The company had approximately 3, policyholders subscribers and 6, open workers compensation claims with the largest number of claims being in the State of California. Policyholders with questions can call Lumbermen's atthe Missouri Department of Insurance Receivership Section ator contact the department online at insurance.
The department's seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.Lumbermen's Underwriting Alliance primarily deals with insurance. Lumbermen's Underwriting Alliance is affiliated with Lumbermen's Underwriting Alliance.
If you have experience with Lumbermen's Underwriting Alliance, we ask that you leave your reviews below to help inform other shoppers of your experiences. Lumbermen's Underwriting Alliance (LUA) January – April 1 year 4 months.
Boca Raton, FL Communicated with PEO and Staffing agencies nationwide through company brokers regarding policy inquiries and modifications Modified coverage on policies Title: US Health Advisors - Licensed Agent.
Lumbermens Mutual Casualty Company, in Liquidation and its affiliated and subsidiary companies (collectively referred to as "Lumbermens") includes the following insurance companies which have not issued or renewed any insurance policies since entering run-off in Lumbermen's Underwriting Alliance.
September – March 14 years 7 months. Boca Raton. Education. Nova Southeastern University Legal Studies, General; Skills & Endorsements. Join LinkedIn to see Christine’s skills, endorsements, and full profile Join pfmlures.com: Licensing at Weatherby Healthcare.
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Western General Insurance Company.
Best indicated that, although. Lumbermen’s Underwriting Alliance v. AXA Pacific Insurance Co.,  B.C.J. No. , British Columbia Supreme Court Pacific held a forest license near Bella Coola, British Columbia. Pacific’s logging contractor (“GBA”) was cutting logs on the site and subsequently a fire broke out at the area.