Appendix CFlorida Workers’ Compensation Insurance Guaranty AssociationThe purpose of the Florida Workers’ Compensation Insurance Guaranty Association, Inc., (FWCIGA), is to implement Sections 631.902 through 631.927, Florida Statutes, to provide a mechanism for the payment of covered workers’ compensation claims, to avoid excessive delay in payment, and to avoid financial loss to claimants in the event of the insolvency of a member insurer. FWCIGA was created through a merger of the Florida Self-Insurance Fund Guaranty Association, Inc. (FSIFGA) and the workers’ compensation account of the Florida Insurance Guaranty Association (FIGA), as required and provided for by legislation enacted by the State of Florida (Section 631.911, Florida Statutes). An eleven-member board of directors is mandated under Section 631.912, Florida Statutes. FWCIGA evaluates workers’ compensation claims made by insureds against insolvent member companies or funds and determines if such claims are covered claims, which should be paid or settled with funds from FWCIGA. FWCIGA also determines whether an assessment against its members is necessary to pay covered claims of an insolvent insurer, or to reimburse FWCIGA for expenses associated with carrying out its statutory functions. FWCIGA is also entitled to file claims in the relevant receiverships for its administrative expenses and covered claims that it pays. In addition, FWCIGA may make reports and recommendations to the Florida Department of Financial Services regarding solvency, liquidation or rehabilitation of member insurers, may request an examination of member insurers which may be impaired or insolvent, and may make recommendations to the Florida Department of Financial Services regarding the detection and prevention of insolvency of a workers’ compensation insurer. FWCIGA contact information is listed below. (850) 386-9200 Phone (850) 386-1313 Fax Mailing Address: Post Office Box 15159 Website: www.fwciga.org Source: Florida Workers’ Compensation Insurance Guaranty Association website, www.fwciga.org |