HomeMy WebLinkAbout0932 of the funds or assets of the respondent in the pos~ession oi t?~a
Ancillary Receiver or coming into its possession.
4. Not defend any legal action in which the respondent
or any of its insureds is, or may become, a defendant, commenced ~
before or after the. entry of an order appointing an A~cillary
Receiver in this State.
S. Commence and maintain all legal actions necessary for
the proper administration of this receivership proceeding.
6. Collect all debts (which are economi~ally feasible to
collect) which are due and o~~ing respondent =n Florida.
7. Take possession pf all of respondent's securities on
deposit with the Treasurer of Florida in the approximate par value
amount of ~265,000.00 and convert to cash so much of the same as may
be necessary, in its judgment, to pay the expenses of administration
of this receivcrship. ,
8. Discharge forthwith all officers, directors, attorneys,
agents and employees, and all other persons representing respondent
or employed by respondent in connection with the conduct of its insur-
ance business in this State.
9. Require any officer, director, manager, trustee, agent
or adjuster of respondent and any other person who possesses, or
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possessed, any executive authority over, or who exercises, or exercised,
any control over any segment of respondent s affairs to fully cooperate
with the AncilZary Receiver or its Deputies, pursuant to Section
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631.391, Florida Statutes.
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, Escambia and Leon
Counties, Florida.
11. Negotiatc and settle subrogation claims up to and
including the sum of ~5,000.00, without further Order or tr.is Court.
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~OOK 244 PACE 932
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