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3. Tha Department of Insurance has given the Respondent
proper notice of the Hearing by serving the Order to Show Cause and
T~mporary Injunction entered by the Honorable Hugh M. Taylor, one of
the Judges of the above styled Court, on October 1, 197~5, on the
general agent of Signal Insurance Company and upon the Honorable Philip
Ashler, Insurance Commissioner and Treasurer. A copy of the Order to
Show Cause and Temporary Injunction was also served by mail upon the
California Department of Insurance.
In view of the Court's findings and the Court being fully
advised in the premises, it is
ORDERED and ADJUDGEB that:
. The Department of Insurance of the`tate Of Florida is hereby
appointed Ancillary Receiver of Signal Insurance Company, and said
Ancillary Receiver is authorized and directed to: -
.
l. a. Take immediate possession of all property, assets and
estate, including, but not limited to, all offices maintained by
Respondent and all rights of action, books, papers, evidence of debt,
and all property of every kind whatsoever located in this state, belong-
~
ing to or in the possession of said Respondent or its officers, directors, ,
employees 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 pro-
perty of said Respondent and to hold all such assets pending further
Order of this Court. •
~ b. Apply to this Court for further instructions or orders in
the discharge of its duties. '
c. Appoint Deputy Ancillary Receivers and employ such counse2,
clerks and assistants as it deems necessary. The Ancillary Receiver is
further authorized to compensate such deputies, counsel, clerks and ~
assistants and to pay a11 expenses of taking possession of the assets of
Respondent and of conducting these proceedings as fixed by the Ancillary
Receiver and approved by this Court, such payment to be made out of the
funds or assets of the Respondent in the possession of the Ancillary
Receiver. ~
d. Commence and maintain all 1ega1 actions necessary for
the conduct of this Ancillary receivership. ~ R 245 P11Cf 307
BOOK
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