Florida Statutes 628.917 – Insolvency and liquidation
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Terms Used In Florida Statutes 628.917
- Captive insurance company: means a domestic insurer established under this part. See Florida Statutes 628.901
- Office: means the Office of Insurance Regulation. See Florida Statutes 628.901
In the event that a captive insurance company is insolvent as defined in chapter 631, the office shall liquidate the captive insurance company pursuant to the provisions of part I of chapter 631; except that the office shall make no attempt to rehabilitate such insurance company.