Fla. Stat. § 628.917
Insolvency and liquidation
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2013
As of January 1, 2011
In the event that a captive insurer is insolvent as defined in chapter 631, the office shall liquidate the captive insurer pursuant to the provisions of part I of chapter 631; except that the office shall make no attempt to rehabilitate such insurer.
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.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.