Skip to Content

What is the Florida Insurance Guaranty Association?

FIGA is part of a non-profit, state-based, statutorily-created system that pays certain outstanding claims of insolvent insurance companies. By paying these claims, guaranty associations protect policyholders and claimants.

Guaranty associations are active in every state, the District of Columbia, Puerto Rico and the Virgin Islands. State laws require that licensed property and casualty insurance companies belong to the guaranty associations in every state where they are licensed to do business.
A guaranty association system also exists in Florida for the life, health and annuity insurance industry; but they operate independently from the property and casualty system.