Section 375.1240 – Nonresident claims, filed where.
Effective – 28 Aug 1991 375.1240. Nonresident claims, filed where. — 1. In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states which are not reciprocal states must file claims in this state, and claimants residing in reciprocal states may file claims […]
Section 375.1242 – Proof of claims, nonresident insurer — procedures.
Effective – 28 Aug 1991 375.1242. Proof of claims, nonresident insurer — procedures. — 1. In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the ancillary receiver, if any, in this state, or with the […]
Section 375.1244 – Stay of actions during liquidation proceedings.
Effective – 28 Aug 1991 375.1244. Stay of actions during liquidation proceedings. — During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding in the nature of an attachment, garnishment or levy of execution shall be commenced or maintained in this […]
Section 375.1245 – Priority of nonresident claims, reciprocal states — special deposits, priority.
Effective – 28 Aug 1991 375.1245. Priority of nonresident claims, reciprocal states — special deposits, priority. — 1. In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of […]
Section 375.1246 – Nonresident ancillary receiver, claims filed with — priority.
Effective – 28 Aug 1991 375.1246. Nonresident ancillary receiver, claims filed with — priority. — If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other than special deposits, diminished only by the […]
Section 375.1236 – Ancillary receiver, director may be appointed as — powers and duties.
Effective – 28 Aug 1992 375.1236. Ancillary receiver, director may be appointed as — powers and duties. — 1. If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the director may file a petition with the circuit court of Cole County requesting appointment as ancillary receiver in this state: […]
Section 375.1238 – Power of director to institute proceedings, when.
Effective – 28 Aug 1992 375.1238. Power of director to institute proceedings, when. — The director in his sole discretion may institute proceedings under sections 375.1160 to 375.1164 at the request of the director of the state department of commerce and insurance, or other appropriate insurance official of the domiciliary state of any foreign or […]
Section 375.1220 – Claim disputes — duty of liquidator — estimates allowed, when — commutation and release.
Effective – 28 Aug 2004 375.1220. Claim disputes — duty of liquidator — estimates allowed, when — commutation and release. — 1. The liquidator shall review all claims duly filed in the liquidation and shall make such further investigation as the liquidator shall deem necessary. The liquidator may compound, compromise or in any other manner […]
Section 375.1222 – Payment of claims — duties of liquidator.
Effective – 28 Aug 1992 375.1222. Payment of claims — duties of liquidator. — Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of the priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined […]
Section 375.1224 – Unclaimed funds, deemed unclaimed property — effect.
Effective – 28 Aug 1992 375.1224. Unclaimed funds, deemed unclaimed property — effect. — 1. All unclaimed funds subject to distribution remaining in the liquidator’s hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member or other person who is unknown or cannot be […]