|Company Demographic Information|
|Name of Company:||SOUTHERN FIDELITY INSURANCE COMPANY|
|Guaranty Association:||Florida Insurance Guaranty Association(FIGA), South Carolina Insurance Guaranty Association (SCIGA), Louisiana Insurance Guaranty Association (LIGA), Mississippi Insurance Guaranty Association|
|Type of Coverage:||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Liquidation|
|Important Receivership Dates|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||June 15, 2022|
|Policy Cancellation Date:||July 15, 2022|
|Claims Filing Deadline:||June 15, 2023|
|Objection Deadline:||See Below|
Yes. Your agent is best able to advise you as to your insurance options. To assist your agent and you in this process, we have notified your agent directly of the cancellation of your policy.
The Southern Fidelity flood book of business transitioned to the NFIP Direct for handling. You may contact the NFIP Direct by telephone at (800) 638-6620 with any policy or claims related inquiries.
You received a Notice because your name appears as a current policyholder on the records of Southern Fidelity. The Notice was sent to all known current policyholders informing them of the receivership. See the Notices section of the Related Documents displayed in this website.
You received a Notice because our records indicate that you were an agent of Southern Fidelity. The Notice was sent to all known agents of record informing them of the receivership. See the Notices section of the Related Documents displayed in this website.
Unearned premiums are covered by the Guaranty Associations and your state's Guaranty Association has been activated to help pay unearned premium refunds for Southern Fidelity policyholders. The Department is currently gathering premium data to forward the information to the appropriate state's insurance guaranty association. As a result, there will be a delay in premium processing during this transitional period. The Department's website, www.myfloridacfo.com/division/receiver, will be updated once the transition is completed.
No. The Department will not require Proof of Claim forms from policyholders who have a potential return premium claim in the estate of Southern Fidelity. Potential claims include the return premium claims of policyholder claimants who had a policy in force on the date of liquidation and all other return premium claims who the department calculates are due return premium. Policyholders do not need to do anything to file a timely claim for return premium or to have their claim accepted by the Department.
Premium refunds will be sent directly to policyholders.
When you are corresponding with the Department, be sure to reference the Company Name and your policy number and/or claim number which will allow the Receiver to associate your request with the correct Receivership.
Pursuant to the Receivership Order and to Section 631.041(1), Florida Statutes, there is an automatic stay in place prohibiting judicial and administrative proceedings against the company.
If you have any non-claims related questions regarding the receivership, please contact the Department at Consumer.Services@myfloridacfo.com or by calling (850) 413-3081 or toll free at 1-800-882-3054.
The most up to date information is posted on the website. The Department will continue to post information to its website as more information becomes available.
The Department is currently gathering claim files and claim data to forward the information to guaranty associations. As a result, there may be a slight delay in claim processing during this transitional period.
Flood Claims: 1-800-759-8656
Proof of Claim forms will be mailed to all known claimants in the estate. A Proof of Claim form must be postmarked or submitted electronically by Claims Filing Deadline of June 15, 2023.
The deadline for filing claims in the Southern Fidelity receivership is June 15, 2023.
The Department will be mailing Proof of Claim forms to insureds and/or claimants. The website will be updated once more information is available.
Yes, you may file a Proof of Claim form. However, any form postmarked after June 15, 2023 will be processed as late-filed.
A Claims Bar Date has not been established.
No. Guaranty Associations have been activated to pay covered outstanding claims for Southern Fidelity policies. The Department is currently gathering claim files and claim data to forward the information to the appropriate state's insurance guaranty association. As a result, there may be a slight delay in claim processing during this transitional period. Please continue to contact Southern Fidelity using the contact information in the separate question below to check the status of an existing claim and/or to file a new claim. The Department's website, www.myfloridacfo.com/division/receiver, will be updated once the transition is completed.
No. The guaranty associations have access to the company claim files and will review your claim to determine if it is a covered claim on which payments may be due. If you are not certain that your claim is covered by the guaranty associations and/or you wish to make a claim directly against the Southern Fidelity receivership estate, you must submit a Department's Proof of Claim form to the Department.
Yes. If you have unpaid invoices for services related to specific claim files (IME, copy charges, legal defense fees, damage estimation, appraisers, adjusting etc.) your claim is considered a General Creditor, Class 6 claim. A guaranty association does not usually cover these. There may be insufficient assets to pay these types of claims, however, you must file a Department's Proof of Claim form to have your claims considered. These types of claims are most often considered Master Claims as they involve more than one invoice.
If you have unpaid invoices for services related to specific claim files as described above, please submit them as supporting documentation with your Proof of Claim form. Submission instructions will be provided on the Proof of Claim form.
Yes. Agent's commission claims and general creditor claims are not covered by a guaranty association, but may be filed as claims in the receivership estate. There may not be sufficient assets to pay this priority of claims; however, you must file a Proof of Claim form to have your claim considered.
Please complete a "Contact Us Form" and the Receiver will mail you a Proof-of-Claim form.
If you have received a Proof of Claim form, you have been identified as a potential claimant in the estate of Southern Fidelity. Receiving a Proof of Claim form does not mean that you do have a claim in the Southern Fidelity estate, only that you were listed in the company records and could potentially have a claim. Potential claimants can include loss claimants, policyholders, general creditors, agents, claims vendors etc.
The payment of claims in a receivership are paid in priority order as defined by Florida Statutes, Chapter 631. The only assets available for distribution are the assets of the company.
The amount of any potential payment is unknown until after the amount of all liabilities have been established and all reasonable efforts to recover and liquidate assets have been exhausted. Please be advised that it may take several years before a distribution of assets, if any, is made in this receivership, due to collection efforts and litigation.
If you have additional claims related questions regarding the receivership, please contact the Department at Consumer.Services@myfloridacfo.com or by calling (850) 413-3081 or toll free at 1-800-882-3054.
The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.
|06/15/2022||Notice of Automatic Stay||173K|
|06/15/2022||Order Appointing the Florida Department of Financial Services as Receiver for Purposes of Liquidation, Injunction, and Notice of Automatic Stay||4,618K|
|06/13/2022||Petition for Consent Order Appointing Department as Receiver for Southern Fidelity Insurance Company||16,551K|
|06/17/2022||Notice to Agents or Broker Concerning Liquidation- Spanish Version||79K|
|06/16/2022||Notice to Policyholder Concerning Liquidation (Spanish Version)||59K|
|06/16/2022||Notice to Policyholders Concerning Liquidation||59K|
|06/16/2022||Notice to Agents or Broker Concerning Liquidation||53K|