HomeMy WebLinkAbout2573 F1ora~a Statutes, including but not limited to, office~ maintained by
the Respondent, rights ~f action~ books, papers, evidence of debt, _ '
bonds, debentures and other securities, martgages, furniture, fixtures,
office supplies and all property of every kind whatsoever, hherever
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situated, belonging to or in thc possession of said Respondent or its
officers, directors, emplo~•ees, consultants, or agents pertaining to
the Respondent's business, including but not limited to, all bank
accounts, stocks, bonds, debentures, mortgages, furniture, fixtures,
and office equipment, and all real property of said Respondent and to
hold all such assets pending further Order of this Court.
2. Liquidate the assets of Respondent including but not -
limited to, funds held b;• Respondent's agents, subagents, producing
agents, brokers, solicitors, ser~~ice representatives or others under
agency contracts or otherwise ~hich are due and unpaid to Respondent,
including unearned commissions, agents' balances, and agents' reserve
funds, subject to orders of the Court.
3. Appoint Deputy Receivers and employ and authorize the
co~pensation of, legal counsel, accountants, clerks, and such assistants
as it deems necessary, and authorize the payment of the expenses of
these proceedings and the necessary incidents thereof, as approved by
` the Court, to be,paid out of the funds or assets of the Respondent in
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~ the possession of the Receiver or coming into its possession.
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~ 4. *Iot defend any legal action in which the Receiver, the
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~ Respondent or any of its insureds is, or may become, a defendant,
~ cor~nenced before or zfter thc entry of thc Order appointing the
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~ Department of Insurance :is Receiver of F.espondent.
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~ S. Cui~mencc and r~aintain all lcgal actions ncccssary for the ~
~ proper administration of this receit?ership proceeding. .
6. Collect all debts (which are economically feasiUle to '
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~ c~:lect) ~;hich are due and otiaing to the Respondent.
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~ "f:~l:e possession of all of Respondent's securities on
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= ueposit ticith the Trcasui-cr of-Florida in the approxima~e par value
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~ ar:otint of $S~i,Q00.00; con~~ei•t to cash so mur.h of tlie same as m:~y be
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~ neccssary, in its judgment, to pay the expenscs of aclministration of
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~ this rcccivcrship.
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