I have not paid my car note for years. Recently I contacted the bank and they told me that the car had been charged off and I need to surrender the car to some insurance company. Is this accurate

Charge off simply is an accounting term that allows the creditor to take a tax loss against income. It has NO affect on your obligation to pay the loan. In fact, keeping the car without payment for it is, essentially, theft.

I am shocked a repo man has not taken the car buy now. The debt was sold to a third party and you still owe he money. Apparently they aren't chasing after you the way they normally do but they can take the car anytime they want.