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Where does the FWCIGA get the money to pay the claims?

FWCIGA is largely funded by assets of insolvent insurers.  Receivers marshal estate assets and reimburses FWCIGA for paid claims and administrative costs related to the FWCIGA’s claim paying activities.

The other source of funding is member company assessments.  FWCIGA’s assessments are capped at 2% for insurance companies and 1.5% for self-insurance funds net direct premium written in Florida the prior year.