Effective February 28, 2011, AequiCap Insurance Company (“AIC”) was order into receivership for the purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida. On March 7, 2011, the Second Judicial Circuit Court ordered the liquidation of AIC. The Florida Department of Financial Services is the court appointed Receiver of AIC.
With the entry of the liquidation order, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) has been activated to help pay outstanding claims for workers’ compensation policies. FWCIGA limits the amount it pays on claims to the amount of coverage provided by the policy. However, Florida does not limit benefits paid to injured workers and pays 100 percent of the statutorily defined workers’ compensation benefits. For unearned premium claims, FWCIGA’s obligation is limited to $50,000 and covers only policies in force on the date of liquidation.
Claimants who need to check on the status of an existing claim should call FWCIGA’s third party administrator, United Self InsuredServices, (USIS) at 1-800-444-9098, extension 400 (toll free).
For non-claims related questions regarding the receivership, consumers are asked to contact the Receiver by using the “Contact Us” form at the Receiver’s website, www.myfloridacfo.com/Receiver or call the Florida Department of Financial Services, as Receiver, at 1-800-882-3054 (in Florida only) or (850) 413-3081. Copies of the Liquidation Order and other relevant information will be available on the Receiver’s website, www.myfloridacfo.com/Receiver.