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ORDER TO CEASE AND DESIST <br />CASE NO. P-2005-67R <br />PAGE 2 <br />4. American Preferred Underwriters Reinsurance Company, Ltd., is an entity <br />unknown to the Alabama Insurance Department (Department). James E. Wilson is <br />alleged to be the Financial Director of American Preferred Underwriters Reinsurance <br />Company, Ltd. <br />5. Mary Robinson, Brad Robinson, JoAnn Sears, Gary Heibult, Ronald W. Lee, <br />Kenneth M. Adams, Dwight Green, Dave Bachus, and R. Wade Lee are alleged to be <br />agents of Abba. <br />6. Moms Sears is alleged to be CEO of Abba. <br />7. R. Wade Lee is alleged to be Treasurer of Abba. <br />8. JoAnn Sears is alleged to be Secretary for Abba. <br />9. Abba has created a website at www.abbabondina.net where Abba holds itself <br />out as having over 30 years of experience in construction industry bonding programs. <br />Abba claims to bond Prime contractors and subcontractors on federally funded projects <br />in all states. It claims to be servicing over 30,000 clients with "affordable and reliable <br />surety bonds and consultant services." Abba offers payment and performance bonds, <br />financial bonds, surety bonds, bid bonds, bonds, funds control, mobilization loans, and <br />construction recovery. Abba offers business through agents scattered in various states <br />in the United States. <br />10. The Department has reviewed documentation which indicates that American <br />Preferred Underwriters Reinsurance Company, Ltd., pledged an aggregate of $30 <br />million in the form of a corporate reinsurance debenture to back Abba Bonding of 1334 <br />Ridgewood Drive, Lillian, Alabama 36549, .with the attomey-in-fact of Abba Bonding <br />being Morris C. Sears, dated August 18, 2003, by James E. Wilson as Financial <br />Director of American Preferred Underwriters Reinsurance Company, Ltd. In said <br />transaction the U.S. Liaison Office for "Underwriters Support Group" was indicated as <br />1334 Ridgewood Drive, Lillian, Alabama, 36549, with the agency/principal for bonding <br />located at 1334 Ridgewood Ddve, Lillian, Alabama 36549. <br />11. The same corporate reinsurance debenture shown on a different document <br />reflects the U.S. Liaison Office as 1334 Ridgewood Drive, Guff Shores, Alabama <br />76409, and indicates the agency/principal for Abba Bonding being located at 4793 East <br />Loop South, #53, Fort Worth, Texas 76119. <br />12. Documentation also indicates a "General Power of Attorney Surety <br />Acknowledgment" notarized in Baldwin County, Alabama, on April 27, 2004, whereby <br />Moms C. Sears as attomey-in-fact for Abba Bonding executed certain instruments <br />under the seal of said company, and said seal indicates Abba Bonding Company as <br />"Abba Bonding Company, Ltd. of Texas." <br />