Physicians United Plan (PUP) was established in 2005 with the purpose of improving the health and well-being of Medicare Beneficiaries in Florida. Physicians United Plan, Inc. (PUP) was placed into court ordered receivership on June 9, 2014. The Florida Department of Financial Services has been appointed as Receiver for the HMO for immediate rehabilitation with an automatic liquidation on July 1, 2014. Part of the Receiver's statutorily mandated duties involve conserving and safeguarding the assets of the PUP receivership pursuant to Chapter 631, Florida Statutes. This is true whether the receivership is a rehabilitation, liquidation or both as is the case with PUP.