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HomeMy WebLinkAbout0172 . ~ ~ In vieW of the Court's findings and the Court being fully advised in the premises, it is ORDERED and ADJUDGED Lhat: ` ; . ; The Department of Insurance is hereby appointed Ancillary Receiver of Resources Insurance Company, Respondent, and said Ancillary i 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, , ~ 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, i 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 - x 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 . 3 , s ~ ~ others within this State. ~ ~ c. Apply to this Court for further instructions~in the ~ discharge of its duties. ~ ~ s ~ d. Appoint Deputy Ancillary Receivers and employ such counsel, ~ clerks and assistants as it deems necessary. The Ancillary Receiver ~ ~ ~ ~ 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 ~ ~ Receiver and approved by this Court, such payment to be made out of the : ~ funds or assets of the Respondent in the possession of the Ancillary ,~t - Receiver. x= ~ ~ e.~ Commence and maintain all legal actions necessary for ~ the conduct of this Ancillary receivership. ~ - - - . , ~ _ ; ~ ' - `s ~ • ~ 2 ~ ~ ~ ~ ~001( ~ ~ i ~ ~ - - - - - - - ' - - - ~ - - - - - - - ~ . . . _ - ~ _ ~ ~