8-K 1 doc1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 17, 2003 SYMONS INTERNATIONAL GROUP, INC. (Exact name of registrant as specified in its charter) Indiana 0-29042 35-1707115 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 4720 Kingsway Drive, Indianapolis, Indiana 46205 (Address of principal executive offices) Registrant's telephone number, including area code: (317) 259-6300 Not Applicable (Former name or former address, if changed since last report) Item 3. Receivership ------------ Superior Insurance Company, the Florida domiciled insurance company subsidiary of Symons International Group, Inc., consented to an Order of Rehabilitation of Superior Insurance Company. Under the August 29, 2003 order entered by the Circuit Court of the Second Judicial Circuit in and for Leon County, Florida the Florida Department of Financial Services (the "Department") will act as Rehabilitator of the Company. The consent to rehabilitation was not based on the financial impairment or insolvency of the company. The Order provides 60 days' notice to Superior Insurance Group, Inc. of termination of the management agreement between Superior Insurance Company and Superior Insurance Group, Inc. The Department has stated its desire that Superior Insurance Company continue to write new and renewal business while in rehabilitation. The rehabilitation should not affect the handling of claims or policy processing. Management believes the rehabilitation presents an opportunity to continue the work of the past 14 months to improve the performance of the company and to position it for a brighter future. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 17, 2003 SYMONS INTERNATIONAL GROUP, INC. By: s/ Douglas H. Symons -------------------------------- President and Chief Executive Officer