Division of Rehabilitation and Liquidation
How does an insurance company get placed into Liquidation?
When a company is found to be financially insolvent, pleadings are filed by the Department of Financial Services petitioning the Court to place the company into receivership. Receivership hearings are held in the Leon County Circuit Court in Tallahassee, Florida. If the court approves the petition, it will name the Department of Financial Services as Receiver of the company for purposes of liquidation.
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