Division of Rehabilitation and Liquidation
The Division of Rehabilitation and Liquidation, under the direction of its Division Director, plans, coordinates and directs the conservation, rehabilitation and liquidation of insolvent insurance companies, unlicensed insurance companies and unlicensed insurance entities and rehabilitates financially troubled insurance companies.
The goal of the Division as liquidator is to maximize the value of the assets of the liquidated company and distribute the assets equitably as provided in Chapter 631, Part I, Florida Statutes. (you are leaving the DFS website and opening a new browser window)
If you would like to seek employment with the Division please visit our Human Resources page.
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Click here to download 2011 Annual Report [1.31 mb]
This section is charged with the overall responsibility of supervising the insurance receivership activities so as to protect the interests of the claimants and public as set out in (Chapter 631,Florida Statutes). The responsibilities of this section include (but are not limited to): monitoring and tracking the receivership process, development and maintenance of the website, managing on-site activities, developing a history of each receivership , coordinating activities with other sections of the division and the various guaranty associations.
The Claims Services section evaluates claims filed by policyholders and creditors of the insolvent companies, responds to consumer inquiries regarding the estates and maintains records for the estates. The Claims Section staff must contact all policyholders and other persons who might have claims, and advise them how to file a claim against the company in the receivership. When claims are filed, they must be evaluated. There must be coordination with other states where the company did business and with various insurance guaranty funds that help pay claims. A staff knowledgeable about insurance claims and the liquidation process is available to respond to questions at 850-413-3081.
Information Technology Services
The Information Technology Services Section supports the Receiver’s mission, goals, and objectives by providing leadership and management in the effective use of Information Technology for the Division’s own infrastructure and each of the estates administered by the Division. The Section is charged with managing all Information Technology resources under responsibility of the Receiver. The Section strives to improve the IT environment, improve access to information, and facilitate the development of more effective and efficient Receivership operations.
Asset Recovery and Management Services
The Asset Recovery and Management Section staff is responsible for identifying and collecting the various assets of the impaired or insolvent estates. The Section has three units as follows: Reinsurance Recovery Unit, Tallahassee Asset Recovery Unit, and Miami Asset Recovery Unit. Collectible assets include reinsurance balances, agent unearned premiums/commissions, assessments against self-insured funds and proceeds from the disposal of a myriad of physical assets.
The Accounting Services section administers the accounting of all funds belonging to the various receivership estates and manages the revenue collection and investment activities for the Receiver. The Accounting Section staff must assure all bank accounts are seized at the start of a receivership. The company's accounting and tax records must be examined for improper activities. Bills and payroll must be paid to maintain vital operations. An accurate accounting of company assets must be maintained at all times. When there are sufficient funds in the receivership estate, upon court ordered distribution, checks must be prepared and sent to claimants.
The Legal Services section is called on to file the necessary court papers to start delinquency proceedings (which is the statutory term for a receivership), to file court papers during the course of a receivership, to contact the judge for instructions when necessary, to file lawsuits to recover assets when necessary, to supervise and monitor outside attorneys who may be hired to handle major litigation and to advise the other division staff as to the many legal questions that arise during the receivership. The Division's legal section does not do any regulatory work for the Department. The Department's regular legal staff advises the Department in regulatory matters. The Legal Section consists of a Chief Attorney and up to 7 staff attorneys. The companies in receivership are apportioned among the staff attorneys.
The Administrative Services Section provides internal administrative support to all Sections of the Division, as well as companies in receivership, by managing all issues related to human resources, records management, and general services. The Section’s responsibilities include, but are not limited to, the following: Physical custodian of records; maintenance of the Division’s electronic records management system; facilities management for all leased property; purchasing and procurement (state and receiver); training and staff development; human resource services for the non-state employees of the Division and employees of the estates; administrative projects, such as coordinating the Division’s Continuity of Operations Plan, that affect the entire Division; and managing a comprehensive mail processing center.