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3. That aursuant to Section 631.091. Florida Statutes, the
Reldtor alleges that by Order of the Superior Court of Marion County.
I ncii ana . da Led Fs:bruary 18, 1971, sa1 d Court fow~d lfii ted i~ondi nq Insurance
Company to be insolvent and the ~epartment of Ir~surance of the State of
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India~a has taken exclusive possession, control, and custody of the
property of the Respondent for the purpose of liquidatlon. a copy of such
Qrde.~ beinq attached hereto, marked Exhiblt "A," and by reference made a
part he~of.
4. That the Respondent is beyond conservation and rehabilitation
anG should be immediately placed in ltquldatlon by this Court for the ~
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pret~ctt~n of Florlda pollcyholders, creditors, obllqees, and clalmants
and an Ancillary Receiver for the kespondent should be appointed by this i
Court so tna t a t1 me 1 i mi t may be se t w1 thi n wh 1 ch s uch pol i cyhot ders .
creditors, obllqees. and claimants may file praof of their clalms against
said Respondent in these ancillary receivershlp proceedlnqs without
further delay.
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5. That the Respondent i=as, among its assets in Florida. securities
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ors depcsi t wt th the State Treasurer of Florida in the epproxlmate par velue ~
of 59~.0~~. ~
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; WNEREF(?RE. IT IS OkUERED AND AGJUOGED that the Departiment of ;
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Insurance of Florida is hereby appotnted Ancillary Receiver, and G. ^dell ~
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: lurner and Kathryn Gregory are hereby eppointed as Assistant Oeputy AnCillary ~
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~ Recei vers , of Uni ted Bond1 nq Insurance Company and the [~eDdr'tment is authorized
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~ and di rected to:
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~ 1. Liquidate the assets of the Respondent.
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2. Take immediate possesston of all the property. assets, and ~
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~ estate, includin~, but not ltmited Lo. all offlces maintained by the
Respondent, and all rights of action, books. documents, papers, evldence i
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