Division of Rehabilitation and Liquidation
E680823
The Division of Rehabilitation and Liquidation is a unit within Florida’s financial regulatory framework responsible for overseeing the receivership, rehabilitation, and orderly liquidation of insolvent insurance companies and related entities.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Division of Rehabilitation and Liquidation canonical | 1 |
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
government agency
ⓘ
state regulatory division ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| function |
acts as receiver for insolvent insurers when appointed by a court
ⓘ
collects and liquidates assets of insolvent insurers ⓘ coordinates with state guaranty associations ⓘ evaluates and processes claims against insolvent insurers ⓘ manages run-off of insurance policies of insolvent insurers ⓘ provides information to policyholders of insurers in receivership ⓘ |
| goal |
ensure compliance with Florida insurance insolvency laws
ⓘ
minimize disruption to policyholders ⓘ orderly resolution of failed insurance companies ⓘ |
| jurisdiction |
Florida
ⓘ
surface form:
State of Florida
|
| legalAuthorityFrom |
Florida Statutes
NERFINISHED
ⓘ
orders of Florida state courts ⓘ |
| locatedIn | Florida ⓘ |
| mandate |
administer estates of insurers placed into receivership by Florida courts
ⓘ
protect interests of policyholders and creditors of insolvent insurers ⓘ |
| oversees |
certain related insurance entities in receivership
ⓘ
insolvent insurance companies domiciled in Florida ⓘ |
| parentAgency | Florida Department of Financial Services NERFINISHED ⓘ |
| partOf | Florida Department of Financial Services NERFINISHED ⓘ |
| regulates | insurance company insolvency processes in Florida ⓘ |
| regulatoryDomain |
insurance company liquidation
ⓘ
insurance company rehabilitation ⓘ insurance receivership administration ⓘ |
| responsibleFor |
administration of insurance company receiverships
ⓘ
distribution of assets of insolvent insurers according to statutory priority ⓘ maximizing recovery of assets of insolvent insurers ⓘ orderly liquidation of insolvent insurance companies ⓘ protection of claimants of insolvent insurers ⓘ protection of creditors of insolvent insurers ⓘ protection of policyholders of insolvent insurers ⓘ receivership of insolvent insurance companies ⓘ rehabilitation of insolvent insurance companies ⓘ |
| sector | insurance regulation ⓘ |
| typeOf | insurance receivership authority ⓘ |
| website | https://www.myfloridacfo.com/division/receiver ⓘ |
| worksWith |
Florida Insurance Guaranty Association
NERFINISHED
ⓘ
Florida Office of Insurance Regulation NERFINISHED ⓘ other state insurance guaranty associations ⓘ state and federal courts ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.