jump to main menu jump to subject menu jump to content jump to footer
go image

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
design placeholder only

Premium Refund Information
Southern Family Insurance Company

If I replaced my coverage prior to the normal policy expiration date of my Poe Coverage, will I receive a refund for the unearned premium?

Policyholders who cancelled their in-force Poe Coverage prior to July 1, 2006 or policyholders who had policies in-force that did not qualify for Citizens Transition Coverage are entitled to a pro-rata refund of the unused portion of their premiums. The amount of unearned premium due will be calculated and then forwarded to FIGA for payment processing. FIGA will apply a $100 statutory deductible from the gross amount owed and will mail out the check. If your gross refund is less than $100, you will not currently receive a refund of your unearned premium from FIGA. The unearned premium not paid by FIGA becomes a claim against the estate. The Receiver has received court approval to deem specific return premium claims as timely filed. So if your policy did not transition to Citizens or if your policy was cancelled prior to liquidation and you received a portion of your premium refund from FIGA or if the amount of return premium due to you is less than $100, the remaining unearned premium that was not paid by FIGA is deemed as a timely filed claim against the estate and you do not have to file a proof of claim form with the Receiver.

If I am able to find replacement coverage for my Citizens Transition Coverage on or after July 1, 2006, will I receive a refund for the unearned premium?

Policyholders who cancel their Citizens Transition Coverage are entitled to a pro-rata refund of the unused portion of their premiums from FIGA. Contact your agent or the Citizens Tampa Service Center (1-866-875-8877) to request cancellation.

Am I entitled to any unearned premium from FIGA when my Poe Coverage cancels on July 1, 2006?

Policyholders who receive Citizens Transition Coverage will not receive unearned premium. Those amounts will be paid by FIGA directly to Citizens.

For those policyholders who do not transition to Citizens, FIGA will pay unearned premium claims after the Receiver completes its processing of the policy records and sends the unearned premium record to FIGA. A $100 statutory deductible will be taken from the amount owed. FIGA will return your unearned premium as quickly as possible. If your gross refund is less than $100, you will not currently receive a refund of your unearned premium. The unearned premium not paid by FIGA becomes a claim against the estate. The Receiver has received court approval to deem specific return premium claims as timely filed. So if your in-force policy did not transition to Citizens or if your policy was cancelled prior to liquidation and you received a portion of your premium refund from FIGA, the remaining unearned premium that was not paid by FIGA is deemed as a timely filed claim against the estate and you do not have to file a proof of claim form with the Receiver.