[pantaloons]

The company will be put into receivership when it can no longer meet capital requirements imposed by regulators, this may not be a company breaking event - the receivership proceedings will determine if the insured and creditors are best served by liquidation, conservancy, or rehabilitation.

Assuming a somewhat rational market, a market cap above zero means that the present value of future cash flows is greater than (or equal to) the debts owed. In practice this means the company can borrow against those cash flows, and continue to meet capital requirements - avoiding potential liquidation.