Texas Strikes ReliaMax From Eligible Surplus Lines List

Following its placement into liquidation by the South Dakota Division of Insurance in late June, the Texas Department of Insurance removed ReliaMax Surety Co. from the list of eligible surplus lines insurers in Texas, the Surplus Lines Stamping Office of Texas (SLTX) reported.

According to SLTX, ReliaMax is ineligible to write insurance in Texas, as of July 13, 2018. A South Dakota circuit court placed the company in liquidation proceedings on June 27, 2018, and as such, Reliamax may not write any new business and will be liquidated.

For claims and policy information, contact:

• FitzGibbons and Company, Inc.
• 9821 N. 95th Street, Suite 105
• Scottsdale, AZ 85258
• Phone: 480-948-4351
• Fax: 480-443-5924

Due to the liquidation, Reliamax’s domestic license was rescinded. Under the Texas Insurance Code, surplus lines insurers in Texas are required to hold authorization to conduct business in their domiciliary states, meaning Reliamax no longer meets these requirements.

Source: SLTX

Related:

• South Dakota Moves to Liquidate Surety Insurer ReliaMax

Topics Texas Excess Surplus