Division of Rehabilitation and Liquidation
| Name of Company: | AequiCap Insurance Company |
|---|---|
| Date of Liquidation: | March 7, 2011 |
| Policy Cancellation Date: | April 6, 2011 |
| Claim Filing Deadline: | March 7, 2012 |
| Guaranty Association |
Florida
Insurance Guaranty Association
(FIGA) Florida Workers' Compensation Insurance Guaranty Association (FWCIGA) Oklahoma Property and Casualty Insurance Guaranty Association South Carolina Property and Casualty Insurance Guaranty Association Georgia Insurers Insolvency Pool (no link) |
| Type of Coverage: | Property and Casualty |
| State of Domicile: | Florida |
| Status of Receivership: | Liquidation |
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.
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.
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