The liquidation order stays all other lawsuits against Access. Tax Management Portfolio, Corporate Liquidations, No. 784-3rd, analyses the tax considerations in connection with the liquidation of a corporation. The principal focus of the Portfolio is on liquidations after the repeal of the General Utilities doctrine by the Tax Reform Act of 1986.
He said Access had around 15,500 South Carolina private passenger automobile insurance policies in force. A statement agreeing to the liquidation order was signed by Patrick Mc Menamin, identified as president of Access Holdco LLC.
31, 2017, and its Statutory Income statement 2018 Preliminary (unaudited) report noted its policyholder surplus was a negative million as of Jan.
31, 2018, and after the company also failed to file its required yearly statutory statement.
Access was founded in 1994 and distributed its policies through independent agents.
According to the company, Access is the fifth largest writer of non-standard auto business in California.