Pricewaterhousecoopers have spent the days since the liquidation of Independent Insurance establishing the company's assets and taking control of its operations.
The liquidators will now establish the company's financial position, but will not start investigating the events leading up to the liquidation immediately.
They said it could be up to a year before a scheme of arrangement, agreed with all the creditors, is released.
However, PWC said the Policyholders' Protection Board had agreed to pay out needy cases arising from compulsory insurance policies early.
