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No. No later than July 6, 2001, all bonds are cancelled and Amwest accepts no liability for claims arising after that date. Some bonds may have another insurer, commonly referred to as a co-surety associated with the bond. In such instances, you
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Amwest was placed into liquidation because it is statutorily insolvent. A copy of the court order is available on this website. Please refer to the section called PRESS RELEASES (News Release Nebraska Department of Insurance).
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Generally, no. Until the proof of claim process is complete, the exposure on a bond may not be known. On a case-by-case basis, the Liquidator can satisfy undisputed claims, where there is full cash collateral (or equivalent) to pay the claim and
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Yes. You may still file claims against an Amwest bond that was in force at the time of the liquidation order. Please note, the bar date (last day to file a timely Proof of Claim) was June 7, 2002. Amwest will however continue to accept any and all
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No. under the terms of the bond itself and also under applicable state laws, premiums for bail bonds are fully earned upon release of the defendant from custody.
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No, not without prior approval from the agent that holds the collateral. Furthermore, we believe the judge should first acknowledge the cancellation of the Amwest/Far West bail bond.
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These are insurance companies that backed and underwrote thousands of bail bonds written by bail agents in over 40 states.
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If premium is paid for a replacement bond the, the person who paid the premium may file a proof of claim with the Liquidator for the premium attributable to the replacement of the cancelled bond(s). This claim must be filed in accordance with the
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Yes, all bail bonds that were active as of December 9, 2001 at 11:59 p.m. CST have been cancelled as required by Nebraska statutes and as a result of the Liquidation of Amwest/Far West.
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It means that Amwest/Far West is no longer obligated to the court on the bond. We urge you to immediately contact your attorney and arrange to appear before the judge so that the court can make an appropriate order in relation to the cancellation
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