jump to main menu jump to subject menu jump to content jump to footer

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
Guarantee Insurance Company

Name of Company: Guarantee Insurance Company
case number: 2017 CA 2421
Date of Liquidation: November 27, 2017
Policy Cancellation Date: December 27, 2017
Claim Filing Deadline: November 27, 2018
Guaranty Association:

Florida Workers' Compensation Insurance Guaranty Association (you are leaving the DFS website and opening a new browser window) (FWCIGA)

Contact information for other states' guaranty funds can be found at https://ncigf.org/public/guarantyfunds.

Type of Coverage: Property and Casualty - Workers'' Compensation
State of Domicile: Florida
Status of Receivership: Liquidation

Notice of Receivership

On November 27, 2017, Guarantee Insurance Company ("GIC ") consented to and was placed into liquidation by the Second Judicial Circuit Court (“the Court”) in and for Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation, is the court-appointed Receiver of GIC.

Background Information

GIC, a Florida corporation licensed in 1977, is headquartered in Fort Lauderdale, Florida. The company writes Workers' Compensation in Florida and other states. GIC was licensed in forty states and the District of Columbia, and wrote business in thirty-one states and the District of Columbia at the time of liquidation.

The states other than Florida where GIC had in-force polices at the time of liquidation are Alabama, Arkansas, Colorado, Delaware, the District of Columbia, Georgia, Idaho, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, and West Virginia.

GIC had approximately 8,600 active policies as of November 13, 2017, including 1,250 in Florida.  Under the liquidation order, all GIC policies are cancelled effective on December 27, 2017, unless otherwise terminated prior to that date.