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Court Orders Liquidation of American Capital; Policies to Cancel May 14 April 22, 2021 The Florida Department of Financial Services, which serves as the receiver for any insurer placed into receivership in Florida, said it was granted a consent order for purposes of liquidation, injunction and notice of automatic stay of AmCap on April 14 by the Second Judicial Court in Leon County, Florida. According to DFS, under the receivership order, all insurance policies issued by AmCap in effect at the time of the court’s order will be cancelled as of 12:01 am on Friday, May 14, 2021, except for the insurer’s flood policies. Policies with normal expiration dates prior to May 14, or policies which are terminated by the insured or cancelled for non-payment of premium will be cancelled as of their earlier date.

United statesNorth carolinaSouth carolinaLeon countyJoseph petrelliFlorida department of financial servicesSecond judicial courtFlorida office of insurance regulationAmerican capital assurance corpFlorida based american capital assuranceFlorida departmentFinancial servicesFlorida officeInsurance regulation aprilPresident joseph petrelliInsurance journal