Martin Young Private Investigative Agency, Inc. v. Department of Banking & Finance, Division of Finance

Martin Young Private Investigative Agency, Inc. challenges an order of the Division of Administrative Hearings whereby the *411Division awarded unclaimed insurance proceeds to creditors of the apparent owner. We reverse the Division’s order. The Division has no statutory authority to prioritize competing claims. See Department of Banking and Finance, Division of Financing v. Martin Young Private Investigating Agency, Inc,, 638 So.2d 518 (Fla. 1st DCA 1994) (court found Division’s proposed rule to prioritize competing claims invalid “on the ground that there was no statutory authority for the…