Reciprocal Insurance Limited, based in Glen Allen, VA, is a company that was placed into receivership on January 29, 2003, by the Circuit Court of the City of Richmond, Virginia. The State Corporation Commission of the Commonwealth of Virginia was appointed as the receiver, with the purpose of rehabilitating or liquidating the company.
On June 20, 2003, the Commission entered an Order of Liquidation, declaring Reciprocal Insurance Limited insolvent and directing the cancellation of direct insurance policies. The company is currently undergoing liquidation in accordance with applicable Virginia law and the orders of the Commission.
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