Doctors & Surgeons National RRG Placed In Rehabilitation By State of Vermont

A statement was issued on October 14, 2016 by the state of Vermont noting:  “…by order of the Washington County Superior Court dated October 7, 2016 (“Rehabilitation Order”), Doctors and Surgeons National Risk Retention Group IC, Inc….has been placed in rehabilitation…”.  It further states that Vermont’s Commissioner of  the Department of Financial Regulation is appointed as the “Rehabilitator”.  Also, “the Rehabilitator…will be paying policyholder-level claims at a 50% rate (and deferring payment of the remainder), and has cancelled all in-force policies effective November 12,2016.”