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Division Director

Sha'Ron James


Division of Rehabilitation and Liquidation
Alexander Bldg.,
2020 Capital Circle SE, Ste. 310
Tallahassee, FL 32301
1-800-882-3054
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Company Information
AequiCap Insurance Company

Name of Company: AequiCap Insurance Company
CASE NUMBER: 2011-494
DATE OF LIQUIDATION: February 28, 2011
Date of Liquidation: March 7, 2011
Policy Cancellation Date: April 6, 2011
Claims Filing Deadline: October 8, 2010
objection deadline: September 5, 2014
Guaranty Association: Florida Insurance Guaranty Association(you are leaving the DFS website and opening a new browser window)(FIGA)
Type of Coverage: Property and Casualty
State of Domicile: Florida
Status of Receivership: Liquidation

Notice of Receivership

On March 7, 2011, AequiCap Insurance Company (“AequiCap”) was placed into liquidation by the Second Judicial Circuit Court in and for Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation, is the court-appointed Receiver of AequiCap Insurance Company. As a result of the company being placed into liquidation, guaranty associations have been activated in four different states: Florida, Georgia, Oklahoma and South Carolina.

AequiCap was previously ordered into receivership for purposes of rehabilitation on February 28, 2011. Unfortunately, after further review during the course of the rehabilitation efforts, it became clear that the company lacked the financial resources for a successful rehabilitation.

Background Information

AequiCap is a property and casualty insurance company which was originally licensed in Florida in 1985. The company was licensed in 4 states – Florida, Georgia, Oklahoma, and South Carolina – and wrote commercial automobile, workers’ compensation and surety bonds.

On 7/22/2014, the Receiver mailed Notices of Determination to all 3,077 known claimants. All classes were evaluated and the amount recommended along with the class assignment are identified in the notice. The Objection Filing Deadline is September 5, 2014. Objections will not be accepted after this date.