HomeMy WebLinkAbout0313 3. The Department of InsurAnce has given the Respondent
proper notice of the Hearing by serving the Order to Show Cause and
Temporary Injunction entered by the Honorable Hugh M. Taylor, one of
the Judges of the above styled Court, on October l, 197S, on the
general agent of Imperial 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 ADJUDGED that: .
The Department of Insurance of the State of Florida is hereby
appointed AncilZary Receiver of Imperial Insurance Company, and said
Ancillary Receiver is authorized and directed to:
1. a. Take immediate possession of alI property, asseta and
estate, including, but not limited to, all ~ffices maintained by
Respondent and a1I rights of action, books, papers, evidence of debt,
and a12 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 ~he Respondent's business, including,
but not Yimited to, all bank accounts, stocks, bonds, debentures,
mortgages, furniture, fixtures and office equipment, and all real.pro-
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pert~ of said Respondent and to hold all such assets pending further ~
Order of this Court. ~
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b. Apply to this Court for further instruttions or orders in
the discY,arge of its duties.
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c. Appoint Deputy Anci23ary Receivers and employ such counsel,
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clerks and assistants as it deems necessary. The Ancillary Receiver is
further suthorized to compensate such deputies, counsel, clerks and
assistants and to pay all expenses of taking p~ossession of the assets of
Respondent and of conducting these proceedings as fixed by the Anci2lary
Receiver and approved by this Court, such payment to be made~out of the °
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funds or assets of the Respondent in the possession of the Ancillary
Receiver.
. d. Commence~and maintain all legal actions necessary for the
conduct of this Ancillary receivership. °
8~245 P~ 312 :
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