Capitol Preferred Insurance Company (Southern Fidelity Managing Agency)
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Carrier appetite summary
Capitol Preferred Insurance Company is no longer an active homeowners market. Florida regulators issued cancellation and receivership/liquidation orders beginning in 2020; all remaining in‑force Capitol Preferred business was either cancelled or transferred, and the company ultimately entered receivership/liquidation in Florida. It then became associated with Southern Fidelity, which itself later became insolvent. As a result, Capitol Preferred is not writing or renewing any new or existing policies and does not maintain current underwriting guidelines or a producer/agent appetite guide. Operationally for brokers and agents: - Do not submit new business or rewrites to Capitol Preferred / Southern Fidelity Managing Agency; the carrier is in liquidation and cannot accept new risks. - Existing Capitol Preferred policies referenced in historical notices were subject to mid‑term cancellation and/or non‑renewal under the liquidation plan, with policyholders instructed to obtain replacement coverage through other admitted markets or Citizens Property Insurance Corporation where eligible. - There is no current preferred, acceptable, restricted, or declined risk appetite because the company is not an active underwriting entity. - All guidance for policy servicing, unearned premium, and claims handling now flows through the Florida Department of Financial Services, Division of Rehabilitation and Liquidation and the applicable state guaranty association, not through carrier underwriting. Practical implications: - Treat Capitol Preferred as a defunct/legacy carrier only; use its name solely for prior coverage evidence or loss history, not as a placement option. - For any remaining open claims or questions, direct insureds to the Florida Department of Financial Services’ Rehabilitation and Liquidation office and the Florida Insurance Guaranty Association (FIGA) resources for instructions rather than seeking underwriting or quoting support. - For replacement coverage, follow the underwriting and appetite guidance of alternative active Florida homeowners carriers or Citizens; there is no successor appetite document that can be operationally treated as current Capitol Preferred or Southern Fidelity underwriting guidance.