HomeMy WebLinkAbout0309 e. Not defend any leg~l action in which the Respondent or
any of i~s insureds is, or may become, a defendant, commenced before
or after the entry of the Order appointing a Receiver, without author-
ization of this Court.
f. Not send out the notice required in Section 631.341(1)
and (2), Florida Statutes, unless this Court enters an Order of Liqui-
dation pursuant to the provisions of Section 631.131, Florida Statutes.
2. All policies of insur.ance or similar contracts of ~
coverage issued by the insurer shall remain in force until further
order of this Court; provided, however, that a policy of insurance or
similar contract may be cancelled or terminated if any ane of the
following events occurs:
a. normal expiration of the policy or contract coverage,
b. insured replaces coverage with another insurer,
c. insured teYminates the coverage, '
d. non-payment of premium to respondent,
e. premium finance company advises respondent that the
insured has failed to pay the premium finante company under the pro- '
visions of a premium finance contract and requests lawful cancellation.
3. Pending a determination of the financial status of the
Respondent, it is a further Order of this Court that insurance, new
; or renewal, shall not be written or issued in this Stat~ by the
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; Respondent.
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' 4. All persons, firms, corporations and associations including,
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E but not limited to, the Respondent, its officers directors, stock-
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~ holders, agents and employees, are enjoined from the wasting of the
~ Respondent's property or assets, interferring with the conduct of this ,
~ proceeding, the transfer o~ property and assets of the Respondent, the '
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~ removal, concealment or other disposition of its property, books~,
~ records or accounts, the commencement or prosecution af any actions
3 against the Respondent or the obtaining of preferences, judgments,
~ writs of :ttachment or garnishment, or other liens, or the making of ~
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~ any Ievy or execution against the Respondent, pending further Order of ~
~ the Court.
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