![]() ![]() Policyholders should continue to pay premiums to continue coverage. All persons are required to fully comply with the terms of their policies, other contractual obligations with the companies, and the Order of Rehabilitation. As the rehabilitator, the DCI Director assumes management of the company, attempts to correct existing problems, and develops a plan of rehabilitation or petitions the Court for liquidation.Ĭameron Mutual's existing policies are not cancelled by the Order of Rehabilitation. ![]() Rehabilitation is a judicial process where a Court appoints a rehabilitator to take possession of assets and administer them under the Court's supervision. After exhausting all avenues to cure its deteriorating financial condition, Cameron Mutual consented to rehabilitation for both companies. Cameron Mutual pursued initiatives to improve operations, such as affiliation agreements with other mutual insurers and refocusing on small commercial and farm business lines where it could be more competitive. It is geographically concentrated in areas impacted repeatedly by severe storms, resulting in major losses this year. National is licensed in Arkansas, Illinois, Iowa, Kansas, Missouri, and Nebraska but has no active policies.Ĭameron Mutual has been experiencing a slow decline in market share, and the lines of business it writes are highly competitive. National is a property and casualty insurer that is wholly owned by Cameron Mutual. The company provides property and casualty insurance, and its lines of business include personal (primarily homeowners and auto coverage), commercial, and farm. ![]() Cameron Mutual is licensed in Arkansas, Illinois, Iowa, Kansas, and Missouri. ![]()
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