Year:
2015
Court:
Florida Supreme Court
Case Number:
SC15-519/2D13-3543
Issue:
- Covered claims
- Insolvency obligations
State:
- Florida
Under Florida law, when insurers become insolvent, the Florida Insurance Guaranty Association (“FIGA”) becomes legally obligated to pay covered claims. In cases where the policy is amended, either by the carrier or by legislative or FIGA directive, insurance money must be available when a policyholder…