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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,
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books, or records, personal or real property, are directed forthwith ~f
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to deliver upon demand such assets or books and records to the ~
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r'Ui~illary Feceiver.
3. All policies of insurance or similar contracts of
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coverage issued by the insurer shall remain in force until further
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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
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following events occurs: ~
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a. normal expiration of the policy or contract coverage, ~
; b. insured replaces coverage with another insurer,
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s c. insured terminates the coverage,
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~ d. non-payment of premium to respondent,
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; _ e. premium finance company advises respondent that the ;
~ insur~d has failed to pay the premium finance company under the ~
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4 provi~ior.s oi a premium finance contract and r~quests cancellation.
4. Pending a determination of the financial status of the ~
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Respondent, it is a further Urder of this Court that insurance,nek• or ;
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= renewal, shall not be written or issued in this state by the Respondent. i
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S. All persons, corporations or associations are ~njoined
~ from interfering wit}i the Ancillary Receiver in the conduct of these
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~ BOOK ~+J6 PAGE ~701
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