Source: http://www.caclo.org/perl/index.pl?document_id=6cfb15119c0c614d008e366eede028d2
Timestamp: 2019-04-19 04:15:44+00:00

Document:
The verified Application of the Insurance Commissioner of the State of California ("Commissioner") for an Order of Liquidation of National Automobile and Casualty Insurance Company ("Respondent") came on regularly for hearing in Department 85 of the Los Angeles County Superior Court.
The Commissioner as Liquidator is authorized, pursuant to Insurance Code §1037, subsection (g), to invest and reinvest all assets in a manner he deems to be in the best interest of the creditors of the estate, including investing and reinvesting assets through an investment pool consisting exclusively of assets from conserved estates. To the extent that the Commissioner as Liquidator invests and reinvests through such an investment pool, such investments and re-investments may exceed $100,000.
The Commissioner as Liquidator is authorized, pursuant to Insurance Code §1037, subsection (d), to dispose of any property of Respondent by any commercially reasonable method, including, but not limited to, sales at public auctions, sales in bulk to the high bidder (provided at least three (3) bids are obtained from independent dealers in the kind of property sold). However, no transaction involving real or personal property shall be made where the market value of the property involved exceeds the sum of twenty thousand dollars ($20,000) without first obtaining permission of the Court.
Any and all claims against Respondent (except those policyholder claims already pending against Respondent, which are deemed filed), including those which in any way affect or seek to affect any of the assets of Respondent, wherever or however such assets may be owned or held, must be filed by no later than December 20, 2002, (the "Claims Bar Date"), together with proper proof thereof, in accordance with the provisions of Insurance Code §1010, et seq., including, but not limited to §1021, §1022 and §1023, and any claim not filed by the Claims Bar Date is conclusively deemed forever waived.

References: §1037
 §1037
 §1010
 §1021
 §1022
 §1023