HomeMy WebLinkAbout0348 3. ii~ha~ the 1(onorable Osgood O. V~illiams, Juclge of ~ho
Superior Court.of Fulton Cou~ty, Georgia, by Order dated April 21,
1972, found t~iarylancl National Insurance Conpany to be insolvent,
placed saicl company in receivership for the purpose of liquidation
in its domiciliary state of Georgia and appointed the Honorable
. ••r .
Johnnie L. Caldwell, in his official capacity as Insurance
Commissioner of the State of Georgia, as Receiver of Respondent
for the purpose of liquidation.
4. That the Respondent is beyond conservation and
rehabilitation and an Ancillary Receiver for the Respondent should
be appointed forthwith by this Court for~the purpose of liquidating
the assets 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 such ancillary proceedings
without further delay.
5. That the Respondent, Maryland National Insurance
Company,is insolvent.
_ 6. That the Respondent has, among its assets in Florida,
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! securities on deposit with the State Treasurer of Florida in the
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approximate par value of $350,000.00. .
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WHEREFORE, it is ORDERED and ADJUDGED that TNnMAS n_
e
O'MALLEY, Florida Insurance Commissioner and Treasurer, and head
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of the'Department of Insurance of the State of Florida, is hereby
appointed Ancillary Receiver, and Mr. L. E. Caruthers, Miss
Kathryn Gregory, and Mr. Robert J. Schramm, employees of the
Rehabilitation and Liquidation Divisio~i of the: Florida vepari:~:?::n~
of Insurance, are hereby appointed as Deputy Ancillary Receivers of
Maryland National Insurance Company, and the Ancillary Receiver
and/or his Deputy Receivers are authorized and directed to: ~
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