Surety Companies acceptable on Federal Bonds: Liquidation-Acceleration National Insurance Company

AGENCY:

Financial Management Service, Fiscal Service, Department of the Treasury.

ACTION:

Notice.

SUMMARY:

Liquidation of an insurance company formerly certified by this Department as an acceptable surety/reinsurer on Federal bonds.

FOR FURTHER INFORMATION CONTACT:

Surety Bond Branch at (202) 874-6850.

SUPPLEMENTARY INFORMATION:

ACCELERATION NATIONAL INSURANCE COMPANY, an Ohio company, formerly held a Certificate of Authority as an acceptable surety on Federal bonds and was last listed as such at 57 FR 29357, July 1, 1992. The Company's authority was terminated by the Department of the Treasury effective June 4, 1993. Notice of the termination was published in the Federal Register of June 15, 1993, on page 33141.

On February 28, 2001, upon a petition by the Superintendent of Insurance for the State of Ohio, the court of Common Pleas, Franklin County, Ohio, issued an Order of Liquidation with respect to ACCELERATION NATIONAL INSURANCE COMPANY. J. Lee Covington II, Superintendent of Insurance for the Ohio Department of Insurance, and his successors in office were appointed as the Liquidator. All persons having claims against ACCELERATION NATIONAL INSURANCE COMPANY must file their claims by February 28, 2002, or be barred from sharing in the distribution of assets.

All claims must be filed in writing and shall set forth the amount of the claim, the facts upon which the claim is based, any priorities asserted, and any other pertinent facts to substantiate the claim. Federal Agencies should assert claim priority status under 31 USC 3713, and send a copy of their claim, in writing, to: Department of Justice, Civil Division, Commercial Litigation Branch, P.O. Box 875, Ben Franklin Station, Washington, DC 20044-0875. Attn: Ms. Sandra P. Spooner, Deputy Director.

The above office will consolidate and file any and all claims against ACCELERATION NATIONAL INSURANCE COMPANY, on behalf of the United States Government. Any questions concerning filing of claims may be directed to Ms. Spooner at (202) 514-7194.

The Circular may be viewed and downloaded through the Internet (http://www.fms.treas.gov/c570/index.html). A hard copy may be purchased from the Government Printing Office (GPO), Subscription Service, Washington, DC, (202) 512-1800. When ordering the Circular from GPO, use the following stock number 769-004-04067-1.

Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F07, Hyattsville, MD 20782.