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Receivership is a structured legal process in which a financially distressed or insolvent insurance company is placed under the supervision of the jurisdictional court and control of the domiciliary state insurance department that acts as the “receiver” and assumes the responsibility of managing the insurer’s affairs to protect the interests of stakeholders. The receiver’s primary goal is to either rehabilitate the insurance company and return it to financial stability or liquidate its assets and distribute the proceeds to policyholders and other creditors to ensure claims are paid to the extent possible. The receiver may also work with other insurance companies or entities, such as guaranty associations, to transfer the policies of an insurer in receivership to ensure policyholders maintain coverage.
On April 2, 2025, the Honorable Ingham County Circuit Court Judge Rosemarie E. Aquilina issued an order reopening the liquidation proceedings of Consumers Mutual Insurance of Michigan (“Consumers Mutual”) for good cause based on the discovery of additional estate assets and named the Director of the Michigan Department of Insurance and Financial Services (“DIFS”) as the company’s liquidator (Case No. 15-948-CR). The liquidation order requires the DIFS Director, as liquidator, to take immediate possession of all Consumers Mutual assets and to administer them in accordance with Chapter 81 of the Michigan Insurance Code under the supervision of the court. The liquidation order and related filings may be obtained from the Consumers Mutual Insurance of Michigan Documents link below.
If you previously filed a valid proof of claim with Consumers Mutual that was accepted but went unpaid, refer to the: Notice to Claimants
On April 8, 2022, the Honorable Ingham County Circuit Court Judge Joyce Draganchuk issued an order granting the liquidator’s verified motion to: (i) terminate the liquidation; (ii) approve the actions of the liquidator; (iii) discharge the liquidator; and (iv) close the case. By operation of law pursuant to MCL 500.8120, the corporate existence of Midwestern Dental is dissolved effective on the date of this order.
On September 14, 2022, the Honorable Ingham County Circuit Court Judge Wanda M. Stokes issued an order: (i) approving the second amended plan of rehabilitation and related closing of the stock purchase agreement; (ii) approving the actions of the rehabilitator; and upon closing of the stock purchase agreement (iii) terminating the rehabilitation; and (iv) discharging the rehabilitator, closing the case, and granting the related relief.
On September 20, 2022, the parties filed a joint notice that they closed on the sale of Pavonia on September 15, 2022, consistent with the court’s September 14, 2022 order and the terms of the stock purchase agreement (closing the case).
