To whom it may concern, I received the below compliant that was forwarded to me. The policy in reference was originally issued by ACA Assurance who were based out of New Hampshire at the request of the New Hampshire Department of Insurance we assumed the responsibility of administering...
the polices that were issued. ACA assessed their policies values from 25%-40% as they were at risk of becoming insolvent. Even after they assessed the policy value they were still at risk and the state of NH essentially took over their operation and asked our company to assist and administer the policies, which we did instead of risking the policies further damage. Royal Arcanum received the reserves of the policies and we didn’t benefit from the assessment conducted by ACA. I’ve attached a couple press releases by the NH DOI for additional information as they have a wealth of information regarding ACA. Not only did ACA send notifications to each policy owner, the state of New Hampshire did as well prior to the policies being transferred to Royal Arcanum. Please advise any further questions, Best Regards, [redacted]
[redacted]Director of Operations
To whom it may concern, I received the below compliant that was forwarded to me. The policy in reference was originally issued by ACA Assurance who were based out of New Hampshire at the request of the New Hampshire Department of Insurance we assumed the responsibility of administering...
the polices that were issued. ACA assessed their policies values from 25%-40% as they were at risk of becoming insolvent. Even after they assessed the policy value they were still at risk and the state of NH essentially took over their operation and asked our company to assist and administer the policies, which we did instead of risking the policies further damage. Royal Arcanum received the reserves of the policies and we didn’t benefit from the assessment conducted by ACA. I’ve attached a couple press releases by the NH DOI for additional information as they have a wealth of information regarding ACA. Not only did ACA send notifications to each policy owner, the state of New Hampshire did as well prior to the policies being transferred to Royal Arcanum. Please advise any further questions, Best Regards, [redacted]
[redacted]Director of Operations