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HomeMy WebLinkAbout0981 ~ i ~ ' I e. •~Commence and maintain all legal actions necessary~ for ' the conduct of this Mcillary receivership. ? f, tiot defend legal actions wherein Respondent oi• the Ancillary Receiver is a party defendant, commenced either prior to or subsequent to this order of appointment of an Ancillary Receiver, with- ~ out 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 o£~250,000.00, convert to cash sa much of the same as may be necessary, in its judgment, to pay expenses as set forth in (d) hereinabove. ; 2. All persons who ha~re in their possession, custody or control, assets of the Respondent of any kind whatsoever and whereso- ever situate in this state, including, but not limited to, monies, ; books, or records, personal or real property, are directed forthwith ~f ~ to deliver upon demand such assets or books and records to the ~ i r'Ui~illary Feceiver. 3. All policies of insurance or similar contracts of I coverage issued by the insurer shall remain in force until further ~ order of this Court; pro~•ided, however, that a policy of insurance or si~r,ilar contract may be cancelled or terminated if any one of tne , following events occurs: ~ ~ a. normal expiration of the policy or contract coverage, ~ ; b. insured replaces coverage with another insurer, ~ s c. insured terminates the coverage, ~ ~ d. non-payment of premium to respondent, ~ i ; _ e. premium finance company advises respondent that the ; ~ insur~d has failed to pay the premium finance company under the ~ , , ~ 4 provi~ior.s oi a premium finance contract and r~quests cancellation. 4. Pending a determination of the financial status of the ~ i Respondent, it is a further Urder of this Court that insurance,nek• or ; t i ' i = renewal, shall not be written or issued in this state by the Respondent. i ~ S. All persons, corporations or associations are ~njoined ~ from interfering wit}i the Ancillary Receiver in the conduct of these r ; - } . _ ; ~ ~ ~ ~ - ~ - ~ ~ BOOK ~+J6 PAGE ~701 ~ ~ - R ; - ~ ~ _ ~ , - ~ . - .