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Division Director

Toma Wilkerson

Assistant Division Director

Mary Linzee Branham

Division of Rehabilitation and Liquidation
Alexander Building
2020 Capital Circle SE
Suite 310
Tallahassee, FL 32301

Company Information
AequiCap Insurance Company

Name of Company: AequiCap Insurance Company
Case Number: 2011-494
Dae of Rehabilitation: February 28, 2011
Date of Liquidation: March 7, 2011
Policy Cancellation Date: April 6, 2011
Claims Filing Deadline: March 7, 2012
Objection Deadline: September 5, 2014
Guaranty Association: Florida Insurance Guaranty Association(you are leaving the DFS website and opening a new browser window)(FIGA)
Type of Coverage: Property and Casualty
State of Domicile: Florida
Status of Receivership: Liquidation

Notice of Receivership

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.

Background Information

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.

On 7/22/2014, the Department mailed Notices of Determination to all 3,077 known claimants. Due to the level of assets in the estate, only Class 1 and 2 claims were evaluated. The amount recommended for the evaluated claims, along with the class assignment of all claims filed, are identified in the notice. The Objection Filing Deadline was September 5, 2014. Objections were not accepted after this date.

On 11/19/2015, The Department mailed Notices of Determination to 35 claimants.  These were to Class 2 non-guaranty association claimants, and one Class 6 claimant.  The Objection Filing Deadline was 01/04/2016.  Objections were not accepted after this date.