UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  -------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                          Date of Report: July 7, 2003
                        (Date of earliest event reported)


                                DCAP GROUP, INC.
                                ----------------
               (Exact name of Registrant as specified in charter)



           Delaware                    0-1665                  36-2476480
         ---------------        --------------------     ---------------------
(State or other jurisdiction    (Commission File No.)   (IRS Employer
incorporation)                                          Identification Number)


                     1158 Broadway, Hewlett, New York 11557
                     --------------------------------------
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (516) 374-7600
                                                           --------------













Item 5. Other Events and Required FD Disclosure.

     On July 7, 2003,  DCAP  Group,  Inc.  issued a press  release  (the  "Press
Release") with regard to its  commitment  from  Manufacturers  and Traders Trust
Company to make  available  a credit  facility  of  $18,000,000  to finance  its
premium  finance  operations.  The Press  Release is attached  hereto as Exhibit
99.1.

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.

     (c)  Exhibits.
          ---------

          99.1 Press Release, dated July 7, 2003







                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                                DCAP GROUP, INC.


Dated:  July 7, 2003                            By: /s/ Barry Goldstein
                                                    ----------------------------
                                                      Barry Goldstein
                                                      Chief Executive Officer