An Order of Conservation was obtained against RCA Syndicate #1, Ltd. on May 11, 2000. An Order of Liquidation With a Finding of Insolvency was entered on June 5, 2000. A member of the Illinois Insurance Exchange (n/k/a INEX), ownership of RCA was, at the time of liquidation, in dispute.  The company commenced business in 1982.

Prior to entering run off in 1990, this company specialized in a small book of assumed general liability business on an excess and surplus lines or non-admitted basis.

The claim filing deadline was June 5, 2001.  220 claims have been filed with the Liquidator.

The Liquidator's involvement in litigation with INEX is now resolved.  On November 26, 2003, the court entered an order approving the INEX Plan of Distribution.  Therefore, the INEX Guaranty Fund's assets are available for distribution on a pro rata basis to the policyholders of all syndicate insolvencies who have covered claims under the INEX Guaranty Fund's plan of operation.  Distribution will be made when all other open estate issues are at or near completion.