Note: The below questions and answers relate to Florida policyholders and policies issued in Florida. If you are a claimant in another state, please refer to the information posted within these FAQ’s and contact that state’s guaranty association for guidance on their claims handling processes.
I have a claim for return of unearned premium for my Workers’ Compensation policy. What do I do?
The process of returning unearned premium on a workers’ compensation policy is time consuming and involves completing a premium audit to determine the true amount of unearned premium on the policy. Claims for return of unearned premium on policies that were in force as of the liquidation date may be covered by the Florida Workers’ Compensation Insurance Guaranty Association ("FWCIGA").
Claims for policies that were not in force as of the liquidation date are not be covered by FWCIGA but may be a claim in the AequiCap estate.
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 AequiCap 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 paid my premium in full. Why can’t I get a refund now?
The process of returning unearned premium on a workers’ compensation policy is time consuming and involves completing a premium audit to determine the true amount of unearned premium on the policy, if any.