Division of Rehabilitation and Liquidation
|Name of Company:||Superior Insurance Company|
|Date of Rehabilitation:||August 29, 2003|
|Type of Coverage:||Property and Casualty|
|State of Domicile:||Florida|
|Status of Receivership:||Rehabilitation|
On August 29, 2003, Superior Insurance Company (“Superior) was placed into receivership for the purpose of rehabilitation by order of the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services, Division of Rehabilitation and Liquidation is the court appointed Receiver of Superior. The basis for Superior's consent to receivership was not the financial impairment or insolvency of the company. Superior consented to be placed into rehabilitation in order for the Department to better assist the company in meeting its statutory and other obligations.
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