The Department of Financial Services serves as the receiver of any insurer placed into receivership. The Division of Rehabilitation and Liquidation plans, coordinates, and directs the affairs of a company placed into receivership by the Court's rehabilitation order or liquidation orders, pursuant to Ch. 631, Florida Statutes.
During Fiscal Year 2021-2022, the division administered 14 companies in liquidation and 1 company in rehabilitation. No companies were reported as closed during the Fiscal Year in the 2021 Annual Report. The division distributed $134.2 million in early access distribution to guaranty associations from seven different estates. The division also distributed $7.8 million to claimants in three estates. During the same year, the division recovered assets totaling $90.5 million, excluding litigation recoveries, and approximately $12.5 million through litigation.
Fund | Salary Rate/ Position | General Revenue | Trust Funds | |
---|---|---|---|---|
SALARY RATE | ||||
POSITIONS | ||||
SALARIES AND BENEFITS | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
OTHER PERSONAL SERVICES | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
EXPENSES | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
SPECIAL CATEGORIES | ||||
CONTRACTED SERVICES | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
SPECIAL CATEGORIES | ||||
RISK MANAGEMENT INSURANCE | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
SPECIAL CATEGORIES | ||||
LEASE OR LEASE-PURCHASE OF EQUIPMENT | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
SPECIAL CATEGORIES | ||||
TRANSFER TO DEPARTMENT OF MANAGEMENT SERVICES - HUMAN RESOURCES SERVICES PURCHASED PER STATEWIDE CONTRACT | ||||
FROM INSURANCE REGULATORY TRUST FUND | ||||
TOTAL |
0 |
1,437,034 |
Review of Professional Employer Organizations and Workers' Compensation, Report 21-04, March 2021 |
Other Reports
2022 Annual Report, Florida Department of Financial Services, Division of Rehabilitation and Liquidation
Websites of Interest
International Association of Insurance Receivers
National Association of Insurance Commissioners
National Organization of Life and Health Guaranty Associations
Performance Information
Chapter 631 Part I, Florida Statutes
Division of Rehabilitation and Liquidation, 1-800-882-3054, 850-413-3132 or Contact Us Form
Website