Receivership/rehabilitation

Definition of "Receivership/rehabilitation"

Jennie  Shook Associate Broker real estate agent

Written by

Jennie Shook Associate Brokerelite badge icon

WeLocate Team at Best Homes Real Estate

Case where an insurance company is placed by the state court under the control of the state insurance department. Claims are paid in the order filed until the insurance company's ability to pay is exhausted.

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