HomeMy WebLinkAbout0412 after the entry of an order appointii,g an Ancillar}• Receiver ir. ':is
State. -
S. Commence and maintain all legal actions necessary for
the proper administration of this recei~~ership procccding. ~
6. Collect all d~:bts (rrhich are economically feasible to
collect) which are due and owing ResFondent in Florida.
7. Take possession of all of Respondent' securities on
deposit with xhe Treasurer of Florida in the appro: :_te par value
amount of ~775,000.00 and convert to cash so much of the same as may be
necessary, in its judgment, to pay the expenses of administration of
this receivership.
8. Discharge forthk•ith all officers, directors, attorneys,
agents and employees, and all other persons representing Respondent or
~ employed by Respondent in connection with the conduCt of its insurance
business in this State.
9. Require any officer, director, manager, trustee, agent
or adjuster of Respondent and sny other person who possesses, or
possessed, any executive authority over, or who exercises, or exercised,
any contXol over any segment of Respondent's affairs to fully cooperate
with the Ancillary Receiver or its Deputies, pursuant to Section
631.391, Florida Statutes.
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; 10. .Publish notice specifying the time and place fixed for
~ the filing of claims with the Ancillary Receiver, once each week for ~
three consecutive weeks, in newspapers of general circulation in Dade,
~ Hillsborough, Broward, Pinellas, Orange, Duval, ~scambia and Leon
Counties, Flarida.
11. Negotiat~ a~id settle subrogatio!i claims up to and
inclu~ing the sum o~ ~5,000.00, ~~ithout further Order of this Court.
12 . Sell S:11~ a~e recovered up to and including the sur~ of
R $5,C00.0(' without furthcr c'rc'.er of th~ s ~ourt.
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13. Coordin~: ~c e.~.~• op~_raCi~~.= vf L'ne anc.illary receiti~::rship
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~ with the Florida Insurance Guaranty~ Association, pursuant to Part II
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~ of ~hapter 631, Florida Statutes.
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~ eoQx~42 P~~~ 411
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