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

FWCIGA is partially funded by assets of insolvent insurers.  Receivers marshal estate assets and reimburse 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 self-insurance funds net direct premium written in Florida.