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CANCELLATION OF LANCET INSURANCE POLICIES

The Permanent Receivership Order mandates that “all evidences of coverage, insurance policies and contracts of insurance of LANCET are hereby terminated effective on April 30, 2019, unless the Receiver determines that any such contracts should be cancelled as of an earlier date.” The Receiver has decided, upon review of all the applicable facts and circumstances, that Lancet’s in-force insurance policies are to be canceled effective on the earlier of April 30, 2019, or the date when the insured ceased making premium payments to Lancet (and insurance coverage on active policies is provided through April 30, 2019, provided that premiums are paid by insureds to the Company through such date).

RECEIVERSHIP CONTACT INFORMATION