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Division Director

Sha'Ron James

Assistant Director

Al Willis


Division of Rehabilitation and Liquidation
Alexander Bldg.,
2020 Capital Circle SE, Ste. 310
Tallahassee, FL 32301
1-800-882-3054
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How to Buy a Loss Portfolio Tranfer

"Loss Portfolio Transfer" is an agreement whereby the liabilities of the insurer in receivership are transferred to another insurer in exchange for some portion of the assets of the insurer in receivership.

In order to enter into a loss portfolio transfer with an insurer in receivership, the potential purchaser will need to be a licensed insurer who is authorized to write the types of insurance products that were written by the insurer in receivership.

For a list of books of business that are currently for sale as a loss portfolio transfer, please click here

Below are the procedures involved in entering into a loss portfolio transfer agreement with an insurer in receivership. The first step will allow an interested party to pre-register with the Receiver to receive notification when a Loss Portfolio Transfer is available. The remaining steps identify various processes that have to be completed to finalize the transaction.

  1. Register with the Receiver to be notified when the Receiver intends to enter into a Loss Portfolio Transfer.
  2. Execute a Confidentiality Agreement for a specific insurer in receivership and return it to the Receiver
  3. Request information from the Receiver in order to perform due diligence.
  4. Submit an offer for entering into a loss portfolio transfer agreement with the Receiver.
  5. If the offer is recommended, execute a loss portfolio transfer agreement with the Receiver.
  6. If the policies are located in the state of Florida, file a notice of the transaction with the Florida Office of Insurance Regulation. If policies are located outside of Florida, obtain approval from the insurance regulator in that state, if required.
  7. If the Florida Office of Insurance Regulation (or other state regulator) approves or has no objection to the proposed purchase, the Receiver will seek Court approval of the transaction.*
  8. If the transaction is approved by the Court, complete all remaining requirements within the executed agreement.
*The Court previously approved the Receiver’s plan to sell books of business of the insurer.