How to Purchase an Insurance Company in Receivership or its Insurance Books of Business
There are occasions when the Division of Rehabilitation and Liquidation, in its role as court-appointed Receiver of insurance companies in receivership, will market an insurance company’s corporate shell or its insurance books of business in order to increase available assets that can be distributed to claimants of the estate and to assist in the orderly transition of policyholders to a different insurance company. The below links provide guidance on the overall process of acquiring these various corporate assets.