Rehabilitación y Liquidación

Rehabilitación y Liquidación

AMERICAN CAPITAL ASSURANCE CORPORATION

    Información de la Compañía

  • Información Demográfica de la Compañía
    Name of Company:
    		AMERICAN CAPITAL ASSURANCE CORPORATION
    Case Number:2021 CA 0641
    Guaranty Association:
    		Florida Insurance Guaranty Association(FIGA), Georgia, Louisiana, North Carolina, South Carolina, Texas
    Type of Coverage:
    		Propiedades y Accidentes
    State of Domicile:
    		Florida
    Status of Receivership:
    		Liquidación
    Fechas Importantes de la Quiebra
    Date of Rehabilitation:
    		N/A
    Date of Liquidation:
    		14 de Abril de 2021
    Policy Cancellation Date:14 de Mayo de 2021
    Claims Filing Deadline:
    		14 de octubre de 2021
    Objection Deadline:
    		See Below

  • Información General

    On April 14, 2021, American Capital Assurance Corporation ("AmCap") was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court appointed Receiver of AmCap.

    AmCap was a property and casualty insurance company located in St. Petersburg, Florida.  The company was licensed in Florida in 2011, and authorized to write homeowners multiple peril, commercial multiple peril, inland marine, allied lines, fire, and other liability coverage in Florida, Georgia, Louisiana, North Carolina, South Carolina and Texas.  The company had approximately 2,300 in-force policies at the time of receivership.

  • Proof of Claim Forms

    On July 28, 2021, the Department mailed 1,005 Proof of Claim forms (POCs) via the U.S. Postal Service.  The deadline for filing a POC is October 14, 2021.

    • Preguntas Frecuentes

  • ¿Aún está en vigencia la póliza de mi seguro?

    ​Under the Receivership Order, all insurance policies issued by AmCap in effect at the time of the issuance of the Order are cancelled effective 12:01 a.m. on Friday, May 14, 2021, except for Flood Insurance policies.  Policies with normal expiration dates prior to Friday, May 14, 2021, or policies which are terminated by the insured or policies cancelled for non-payment of premium, shall stand cancelled as of the earlier date. 

  • ¿Debería obtener una póliza de seguro con otra compañía? 

    ​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.  

  • I have flood insurance with AmCap. What is the status of my insurance policy?

    ​AmCap is being transitioned to the NFIP Direct for handling.  Until the transition is completed you may call 833-261-6492 with any policy related inquiries.  

  • I received a “Notice to Policyholders”. Why did I receive this Notice?

    ​You received a Notice because your name appears as a policyholder on the records of AmCap.  The Notice was sent to all known policyholders informing them of the receivership.  See the Notices section of the Related Documents displayed in the website.

  • I received a “Notice to Agent or Broker”. Why did I receive this Notice?

    ​You received a Notice because our records indicate that you were an agent of AmCap.  The Notice was sent to all known agents of record informing them of the receivership.  See the Notices section of the Documentos Relacionados displayed in the website.

  • How will I get my unearned premium refund?

    Unearned premiums are covered by the Guaranty Associations and your state’s Guaranty Association has been activated to help pay unearned premium refunds for AmCap policyholders.  You will receive a check for unearned premium covered by the Guaranty Association.  You can find specific information about your state’s Guaranty Association at:

  • What is a Guaranty Association?

    ​A Guaranty Association ("GA") is a nonprofit corporation statutorily created to provide a mechanism for the payment of claims and unearned premium when an insurance company is ordered liquidated.   For more information please visit The National Conference of Insurance Guaranty Funds NCGIF website  https://www.ncigf.org/resources/links-and-contacts/

  • If premium was paid directly from my mortgage company to AmCap, will the refund be returned to the mortgage company?

    ​Premium refunds will be sent directly to policyholders.

  • Hace poco cambié mi nombre o mi dirección de correo postal y necesito actualizar los registros de la compañía para asegurar que reciba la información que me envían por correo. ¿Qué hago?

    It is your responsibility to notify the Receiver, in writing, if there is a change in your name or mailing address.  "Presentar un Cambio de Nombre y/o Domicilio" form and instructions are available for download.

    When you are corresponding with the Receiver, 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.

  • I filed a lawsuit against AmCap prior to the entry of the Receivership Order. Why can't the lawsuit progress?

    Conforme a la Orden de Quiebra y a la Sección 631.041 (1), de los Estatutos de la Florida, está en vigencia una suspensión automática que prohíbe procedimientos judiciales y administrativos contra la compañía.

  • If I have already filed a loss claim with AmCap, will the liquidation affect the status of my claim?

    ​Your state’s Guaranty Association has been activated to help pay outstanding claims for AmCap policies.  The Guaranty Association will take over the processing and payment of pending covered claims.  See listing above.

  • ¿Por qué recibí un formulario de prueba de reclamación?

    ​If you have received a proof of claim form, you have been identified as a potential claimant in the estate of AmCap.  Receiving a proof of claim form does not mean that you do have a claim in the AmCap 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.

  • ¿A quién debo llamar para preguntas sobre la quiebra que no estén relacionadas con las demandas?

    Si tiene preguntas sobre la quiebra que no estén relacionadas con la demanda, contacte al Departamento a través de Consumer.Services@myfloridacfo.com o llame al (850) 413-3081 o a la línea gratuita 1-800-882-3054. 

  • I am an Agent who owes unearned commission. Where should I send the payment?

    ​Payments made prior to October 12, 2021 should be sent to the following address: 
    Division of Rehabilitation & Liquidation
    P.O. Box 865694
    Orlando, FL 32886-5694 
    ​Effective October 12, 2021 payments should be sent to the following address: 
    For Standard Payments Only:
    State of Florida 
    Division of Rehabilitation & Liquidation
    P.O. Box 946694
    Atlanta, GA 30394-6694 
    For Express Payments Only:
    Lockbox Services - #0865694
    State of Florida
    Division of Rehabilitation & Liquidation
    3585 Atlanta Ave.
    Hapeville, GA 30354​

  • How can I find out more information regarding the Liquidation of AmCap?

    ​The most up to date information is posted on the website, www.myfloridacfo.com/division/receiver.  The Receiver will continue to post information to its website as more information becomes available.

  • How do I contact the Florida Department of Financial Services which is the court-appointed Receiver of AmCap?

    ​You may contact the Department at one of the following:

    • Email - Consumer.Services@myfloridacfo.com
    • “Contact Us” Form @ www.myfloridacfo.com/division/receiver
    • Phone - 850-413-3081 or toll free @ 1-800-882-3054​
    • By mail @ the following address:
      Florida Department of Financial Services,
      Receiver of American Capital Assurance Corp
      325 John Knox Road, Atrium Building, Suite 101
      Tallahassee, FL 32303

    • Información de Reclamaciones

  • How do I file a claim against the estate of AmCap?

    ​A Proof of Claim form must be postmarked or submitted electronically by 11:59:59 p.m. on Thursday, October 14, 2021.

  • When is the Department sending out proof of claim forms?

    On July 28, 2021, the Department mailed 1,005 Proof of Claim forms (POCs) via the U.S. Postal Service.  Additional claim forms will be mailed to the remaining potential claimants by August 31, 2021.  The deadline for filing a POC is October 14, 2021.​ 

  • Do I need to submit a proof of claim form to the Department in order to have my Return Premium claim processed?

    ​No.  The Department will not require proof of claim forms from policyholders who have a potential return premium claim in the estate of AmCap.  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.

  • When is the deadline for filing a claim in the receivership?

    ​The deadline for filing claims in the AmCap receivership is 11:59:59 p.m. on Thursday, October 14, 2021.

  • ¿Cómo obtengo un formulario de Prueba de Reclamación?

    On July 28, 2021, the Department mailed 1,005 Proof of Claim forms (POCs) via the U.S. Postal Service.  Additional claim forms will be mailed to the remaining potential claimants by August 31, 2021.  If you haven't received a Proof of Claim form by September 8, 2021 you may contact the Department by using the "Contact Us" form within the Receiver's website at  www.myfloridacfo.com/division/receiver/ or by calling 1-850-413-3081 (toll free at 1-800-882-3054 for Florida residents).

    The deadline for filing a POC is October 14, 2021.​​

  • Can I file a proof of claim form in the AmCap estate after the filing deadline? Will it be considered late filed?

    ​Yes, you may file a proof of claim. However, any form postmarked after 11:59:59 p.m. on Thursday, October 14, 2021 will be processed as late filed.

  • Do I need to submit a proof of claim form to the Department in order to have the guaranty association make payments on my pending AmCap claim?

    ​No. The guaranty association has 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 association and/or you wish to make a claim directly against the AmCap receivership estate, you must submit a Proof of Claim form to the Department. 

  • Do I need to submit a proof of claim form to the Department in order to have my invoices for claim related expenses paid?

    ​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 pre-receivership unpaid invoices. 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.

  • ¿Cómo se pagan las demandas en una quiebra?

    Las demandas en una quiebra se pagan en orden de prioridades conforme a lo estipulado en el Capítulo 631 del Estatuto de la Florida. Los únicos activos disponibles para su distribución son los activos de la compañía.

  • Do I need to submit a proof of claim form to the Department in order to have my commissions (Agents) or General Creditor claims paid?

    ​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.

  • How do I report a new Flood claim or to check the status of an existing Flood claim?

    Flood Claims only - call (888) 481-1126

  • How do I check the status of an existing claim (all claims except Flood)?

    ​Contact the guaranty association for the policy state involved. 


  • How do I report a new claim (all claims except Flood)?

    Florida policyholders:


    Non-Florida policyholders:
    • Submit your form
      • Fax Submission: Fax: 850-413-3997

      • Online Submission:
        Electronic Submission Instructions - New Claims

      • Paper Submission:Mail your submission to the below address. It is recommended that you use certified mail with return receipt to prove delivery of the information.

    Florida Department of Financial Services, Receiver
    325 John Knox Road, Atrium Building, Suite 101
    Tallahassee, FL 32303

  • The following documents are provided as Adobe Acrobat PDF files and are best viewed using the free Adobe Acrobat reader software.

    Documentos de la Corte

    FechaTítuloTamaño
    04/14/2021Orden de Consentimiento Designando al Departamento de Servicios Financieros de la Florida Como Administrador Judicial para los propósitos de Liquidación, Orden Judicial y Notificación de Suspensión Automática.6,553K
    04/06/2021Petition For Consent Order Appointing The Florida Department of Financial Services As Receiver of American Capital Assurance Corp. for Purposes of Liquidation, Injunction, and Notice of Automatic Stay1,379K

     

    Notificaciones

    FechaTítuloTamaño
    05/11/2021AmCap Flood Book RFP51K
    04/15/2021Notice to Policyholders Concerning Liquidation (Spanish Version)56K
    04/15/2021Notice to Agent or Broker Concerning Liquidation51K
    04/15/2021Notice to Policyholders Concerning Liquidation60K
    04/15/2021Notice to Agent or Broker Concerning Liquidation (Spanish Version)48K

     

    Otros

    FechaTítuloTamaño
    07/28/2021Proof of Claim Form Sample145K
    06/04/2021ACORD - Property Loss Notice68K