Division of Rehabilitation and Liquidation
I am a Seminole Casualty policyholder whose policy is going to be cancelled on April 14, 2011 as a result of the liquidation. When am I getting my unearned premium refund?
The Florida Insurance Guaranty Association (“FIGA”) will pay claims for premium refunds/unearned premium after the Receiver completes the processing of the policy cancellations and sends unearned premium records to FIGA. A $100 statutory deductible will be taken from the amount owed. If the premium refund due is $100 or less, a refund will not be processed by FIGA.
All $100 statutory deductibles on unearned premium claims and unearned premium claims that are less than $100 may become a claim against the estate of Seminole Casualty. The Receiver intends to seek court approval to deem all unearned premium claims as timely filed. If approved, this means that unearned premium claimants will have a claim in the Seminole Casualty estate without having to file a proof of claim form. No action is required by unearned premium claimants at this time. Additional information about the deem filing of unearned premium claims will be posted to this website once available.
I am owed an unearned premium refund but have not received a check. What do I do?
Return premium checks will be processed and mailed to all known policyholders that are owed return premium which exceeds $100. Once a timeframe is established, this website will updated with additional information.
How do I file a claim for the $100 deductible or for a return premium claim that is $100 or less?
The Receiver will seek court approval to deem unearned premium claims as timely filed. If approved, this means unearned premium claimants have a claim in the estate without having to file a proof of claim form. No action is required by unearned premium claimants at this time. Additional information about the deem filing of unearned premium claims will be posted to this website once available.
When will I receive payment of my $100 deductible or return premium of $100 or less from the estate of Seminole Casualty?
The receivership process is lengthy and typically takes several years to complete. Your claim may be paid on a pro-rata basis, to be determined by available funds, after all legal and collection activity has ceased.
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