HomeMy WebLinkAbout1956 Recei ver of Ci ti zens Casual t,v Compa~yr of New York for the purpose of 1 iqui dati on
of the Florida business of the Respondent compar.y by the Ancillary Receiver
in cooperation with the domiciliary Liquidator. ;
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3. That Sections 631.091 and 631.152, Florida Statutes, authorize
the Department of Insurance to apply to this Court for an Order appointing it
Ancillary Receiver of Citizens Casualty Company of New York and directing it
to liquidate the business of the said Company in Florida in accordance with
the laws of Florida upon the appointa~ent in the domiciliary state of such
insurer of a receiver, liquidator, conservator, rehabilitator, or other
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officer by whatever name called for the purpose of liquidating the business ;
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of such insurer. ~
4, That the State of Florida and the State of New York are reciprocal ~
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states within the meaning of Section 631.011 and Section 631.211 of the ~
Florida Statutes. ~
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5. That the Nonorable Saul S. Streit, Justice of the Supreme Court
of New York, in and for the County of Ne~t York, by his Order of June 14, 1971, ~
found Citiiens Casualty Company of New York to be insolvent and placed the ~
Respondent in liquidation in its domiciliary state of New York ard appointed ~
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Benjamin R. Schenck, Superintendent of Insurance of the State of New York,
I as Liquidator of Respondent for the purpose of liquidation. t
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~ 6. That the Respondent is beyond conservation and rehabilitation
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~ and an A~cillary Receiver for the Respondent should be appointed forthwith by
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this Court for the purpose of liquidation of Respondent for the protection of
Florida policyholders, creditors, and claimants and so that a time limit may
be set within which such policyholders. creditors, and claimants may file
~ proof of their claims against said Respondent in the Domiciliary or Ancillary `
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~ proceedings without further delay.
3 7. That the Respondent. Cltizens Casualty Con~pany of New York, is
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~ insolvent.
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~ ~Y194 1955 ;
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