The GRID database maintains receivership information from all U. For more information please visit the CLO web site for a complete list of open estates and list of closed estates."Conservation" is when the Insurance Commissioner ("Commissioner"), upon a Superior Court's order, takes over the operations of an insurance company licensed in California.It’s time for your business to relocate to a new facility, but what about the furnishings and equipment that comes with making a move?Not every piece of furniture or equipment will make the cross over from your old space to your new facility.Plus, our customers can follow the progress of their assets through our Liqui Traq customer portal.This easy-to-access, on-line system provides top-notch reporting and includes the customer’s account information, an inventory of items, data destruction information, as well as photos and the status of each item. If you are in charge of a company undergoing a facility shutdown, Liquis will you save time and money.Sometimes, you have to let go of the old and embrace the new, or relocate knowing your old furnishings will be replaced with more efficient ones.What do you as a business owner do with your older equipment now that it’s no longer of use in your new space?
There are many different reasons, but the most common is that the company is in financial trouble such that its further transaction of business would be hazardous to its policyholders, or creditors, or to the public.
Whether you're relocating, downsizing, upgrading, moving or simply seeking to get rid of desks, chairs, tables, and file cabinets along with miscellaneous office products, we are here to serve your needs.
A detailed estimate will be provided to you once the initial walk-through by our staff has been conducted.
The Conservation & Liquidation Office (CLO) has become one of the premier receivership operations in the country and will continue to manage the affairs of conservatorship and receivership in California for the benefit and protection of policyholders and other creditors interested in the assets of the estates.
Information regarding companies in receivership may be accessed from the Global Receivership Information Database (GRID) Reports maintained by the National Association of Insurance Commissioners (NAIC). If the receivership involves a California company, additional information may be obtained from the Conservation and Liquidation Office's website.
There are many different reasons for the Superior Court to issue such a "Conservation Order", but most of the time it is because the insurance company is insolvent, and the Commissioner must operate the company in order to conserve assets for the benefit of policyholders, creditors, and other persons interested in the assets of the company.