Lona Watts Ford
Financial & Budget Administrator at Division of Rehabilitation and Liquidation - Tallahassee, FL, US
Lona Watts Ford's Colleagues at Division of Rehabilitation and Liquidation
Lamanda Thomas
Director of Administrative Services at Division of Rehabilitation and Liquidation
Lona Watts Ford's Contact Details
N/A
Tallahassee, Florida Area
Division of Rehabilitation and Liquidation
Lona Watts Ford's Company Details
The Division of Rehabilitation and Liquidation (Division) is one of 13 divisions within the Florida Department of Financial Services. It serves as the Receiver of insurance companies that are placed in receivership, primarily for purposes of rehabilitation or liquidation. Under an order of rehabilitation, the Receiver seeks to remedy the problems that resulted in the company being placed into rehabilitation. In liquidation, the Receiver collects all assets of the company and ultimately distributes the available assets to claimants under a statutory prioritization. In both instances, the Receiver is responsible for conducting business on behalf of the company that has been placed in receivership. This process entails providing an array of services which include Accounting, Claims, Legal, Information Technology, and Administrative Services functions.