Finding no merit in appellee’s contention that appellant’s settlement with the defunct insurer prior to the insurer’s insolvency was not a “covered claim,” we reverse with directions for entry of final judgment in favor of appellant. §§ 631.-54(3), 631.57, Fla.Stat. (1983); see Martino v. Florida Insurance Guaranty Association, 383 So.2d 942 (Fla. 3d DCA 1980).

Reversed and remanded with directions.