If I am a South Carolina policyholder, who do I contact on my claim?
With the finding of insolvency and order of liquidation on AequiCap, the South Carolina Property and Casualty Insurance Guaranty Association ("SCPCIGA") is obligated to pay covered claims as defined in the South Carolina statute. The processing and payment of pending covered claims will be made by the SCPCIGA subject to the lesser of policy limits or the SCPCIGA's maximum cap. Generally, the maximum amount the SCPCIGA will cover is $300,000. No claim will be paid in excess of this cap.
For additional general information regarding the SCPCIGA, including information on any other coverage limits, please contact the guaranty association using the following information:
South Carolina Property and Casualty Insurance Guaranty Association
240 Stone Bridge Dr., Ste 101
Columbia, SC 29210
If I am a South Carolina policyholder, who do I contact about my premium refund on my cancelled AequiCap policy?
The South Carolina Property and Casualty Insurance Guaranty Association ("SCPCIGA") may pay unearned premium claims, after the Florida Receiver completes its processing of the policy records and sends the unearned premium records to the guaranty association. A $100 statutory deductible will be taken from the amount owed.
If I have an agent claim for commissions or general creditor claim for goods or services provided to AequiCap, what should I do now?
Agents' earned commission claims and other general creditor claims are not covered by guaranty associations but may be filed as claims in the receivership estate. There may not be sufficient assets to pay this priority of claims; however, you must file a proof of claim form to have your claims considered.
The Florida Receiver has not yet begun the proof of claim filing process. Once the proof of claim process begins, information will be posted to this website on how you can obtain a proof of claim form.