Florida Insurance Exchange v. Adler

CARROLL, Judge.

Florida Insurance Exchange appeals an order of the circuit court which directed the insurance commissioner to sell its deposited securities to discharge its obligation as surety on a bond on which suit had not been filed or judgment entered.

Leon Adler sued Thomas Roberts in equity for a rescission and for damages. The plaintiff caused an attachment to be issued under which certain real estate of the defendant of the value of $10,000 was attached. The defendant executed and delivered to the sheriff a bond designated as a “Forthcoming Bond” on which the appellant was surety, in…