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In vieW of the Court's findings and the Court being fully
advised in the premises, it is
ORDERED and ADJUDGED Lhat: `
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The Department of Insurance is hereby appointed Ancillary
Receiver of Resources Insurance Company, Respondent, and said Ancillary
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Receiver is authorized and directed to:
1. a. Take immediate possession of all property, assets and
estate, including, but~not limited to, all offices maintained by
Respondent and all rights of action, books, papers, evidence of debt,
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and all property of every kind whatsoever, wheresoever located,
belonging to or in the possession of said Respondent.or its officers,
directors, employees or agents pertaining to the Respondent's business,
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includi*~g, but not limited to, all bank accounts, stocks, bonds,
d~bentures, mortgages, furniture, fixtures and office equipnient, and all
real property of said Respondent and to hold all such assets pending
further Order of this Court. '
- b. Proceed to collect any and all debts it is feasible to -
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attempt to col2ect,~due and owing Respondent, including, but not limited
to, funds held by agents of the Respondent under agency contracts or ~
otherwise, due and owing Respondent, including, but not limited to,
; unearned commissions and agents' reserve funds held by Respondent or .
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~ others within this State.
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~ c. Apply to this Court for further instructions~in the
~ discharge of its duties. ~
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~ d. Appoint Deputy Ancillary Receivers and employ such counsel,
~ clerks and assistants as it deems necessary. The Ancillary Receiver
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~ is further authorized to compensate such deputies,'counsel, clerks and
~ assistants and to pay all expenses of taking possession of the assets of ~
~ Respondent and of conducting these proceedings as fixed by the Ancillary
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~ Receiver and approved by this Court, such payment to be made out of the
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~ funds or assets of the Respondent in the possession of the Ancillary
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- Receiver.
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~ ~ e.~ Commence and maintain all legal actions necessary for
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the conduct of this Ancillary receivership. ~
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