Community Center

Proofs Of Claim For Real Legacy Assurance Should Be Filed By April 18, Roach Says

Lieutenant Governor Tregenza Roach said during a Monday press conference that Real Legacy Assurance claimants should file proofs of claim forms with the Division of Banking, Insurance, and Financial Regulation Office by April 18. Mr. Roach, who also serves as the commissioner of Insurance, called the press conference to provide the community with an update regarding the declaration of insolvency and the liquidation process of Real Legacy Assurance Company, Inc. Mr. Roach in February filed a petition in court asking to be appointed as ancillary receiver in the liquidation of the insurance company, a request that was granted. According to the release, Mr. Roach shared a timeline of each step of the process. “I felt the move necessary to protect the interests of claimants who reside in the Virgin Islands. There are also claimants in the British Virgin Islands,” he said. As ancillary receiver, Mr. Roach now has control over Real Legacy’s assets held in the U.S. Virgin Islands for the purp...