HomeMy WebLinkAbout0512 • 4. '1'l~e Ites~~o~~clcnt, All-Star lnsurance Corporation, has
~~m~n~ its c?sscts .securitics o~i deposit with the '1'rcasurcr of tha
St:~tc of l~loricla i~i thc uPproximatc par value oF s300,000.00.
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NOIV, 1'lIL'Itf:NUltl:, it is ORDL•ItL'U and AllJUUGI:U that the Uepart-
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ment uf lnsurance of tlie State of Florida is hereby appointed Ancillary
Iteceiver of All-Star l~isurance Corpor~tion for purposes of liyuidation
unJ is authorize~ and clirected to:
1. 'fukc immcdiate possession of all the prol~crty, assets,
~~ncl est:~tc, and all othcr property of evcry kind whatsocver and
wlicrevcr loc:?ted in LI11S State belo~iginb to Respondent pursuant to
5cct io~is G31 .152., G31 .131(2) , Florida Statiites, including but not
limited to, offices maintained by tlle Respondent, rights of action,
books, ~~:~~~ers, eviclences of debt, bank accou~its, certificates of
cleposit. stc~cks, bu~ids, debentures aud other securities, mortgages,
Curniturc, fixtures, offic:e supplies and all real ~roperty of the
ltes~~on~lcnt, wlicrever situate. in I~lorida, and to holcl all such assets
subjc~t to any rights ol' the llomiciliary itec:eiver rursu:~~it to Scctioii ,
b31.131(2), l~lorida Statutes, and othcr applicable law, and pending
Curthcr or~crs of this Court.
2. l.iyu iclatc the assets of thc Respo~ident locate~l in
~ l~turiela :incl holc! the ~~roceeds of any such lic~uidation pending further
ordcrs of tl~is Court aiia subject to any riblits of the Uomiciliary
Rc:ccivcr.
3. ~mploy, ~u~d authorize the compensation of, le~al counsel,
:1CCOURtAIiLS, clerks, and sucli assistants ~s it dcems necessary, and
authorizc thc ~~.iymcnt of the ex~~enses o£ these procccdin~;s and thc
»cccssary inc:iclents thcreof, as approved by the Court, to be paid
out of tlic fuiids or ~sscts of the ltes~~onclcnt in tlie_ Uossession of thc
Ancill.iry lteceiver or coming into its possession.
4. Not dclcncl any legal action in which the Rcspondent or
any uf its insurecls is, or m:~y become, a clefenclaiil., commei~cecl before
or aCtcr thc entry of tlie UrJer appuintin~ Ancillary Receiver.
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