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HomeMy WebLinkAbout0173 f. Not defend legal actions wherein Respondent or the Ancillary Receiver is a party defendant, commenced either prior to or subsequent to this order of appointment of an Ancillary Receiver, without authorization of this Court. g. Take possession of all of Respondent's securities on deposit with the Treasurer of Florida in the approximate par value amount of aT75,000.00, convert to cash so much of the same as may be ~ necessary, in~its judgment, to pay expenses as set forth in (d) hereinabove. - 2. All persons who have in their possession, custody or control, assets of the Respondent of any kind whatsoever and whereso- ever situate, including, but not limited to, monies, books, or records, personal or real property, are dire~ted forthwith to deliver upon demand such assets or books and records to the Ancillary Receiver. 3. All policies of insurance or similar contracts of coverage issued by ~the insurer shall remain in force until further ~ order of this Court; provided, however, that a policy of insurance ` ~ or similar contract may be cancelled or terminated if any one of the ~ ~ following events occurs: ~ ~ + ~ - ~ a. normal expiration of the policy or contract coverage, ~ ~ b. insured replaces coverage with another insureF, ~ ~ " ~ - ~ c. insured terminates the coverage, ~ d. non-payment of gremium to respondent, e. premium finance company advises respondent that the ; , insured has failed to pay the premium finance company under the . ~ provisions of a premium finance contract and requests cancellation. ~ 4. Pending a determination of the financial status of.the ~ ~ Respondent, it is a further Order of this Court that insurance, new or renewal, shall not be written or issued in this State by the • ~ ~F Respondent. ' f ~'y s 5. All persons, corporations or associations are enjoined $z . from inteTfering with the Ancillary Receiver in the conduct of these F.. ~ ~ ~ proceedings, the wasting of assets, the commencement or prosecution ~ ' ' ~ : ; ~ OR ~V" BOOK ~.WJ PAGE ~ ~ ~ ~ ~ ~ - - - - - - ~ - ~ 3 T: ~ - - - . _ _ .