Section 27-14.3-63. – Subordination of claims for noncooperation.
§ 27-14.3-63. Subordination of claims for noncooperation. 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 or her control other than special deposits, diminished only by the expenses of the ancillary receivership, if […]
Section 27-14.3-64. – Severability.
§ 27-14.3-64. Severability. If any provision of this chapter or the application of any provision to any person or circumstance is for any reason held to be invalid, the remainder of the chapter and the application of the provision to other persons or circumstances shall not be affected by that invalidity. History of Section.P.L. 1993, […]
Section 27-14.3-65. – Rules and regulations.
§ 27-14.3-65. Rules and regulations. The commissioner is empowered to adopt reasonable rules and regulations for the implementation and administration of this chapter. History of Section.P.L. 1993, ch. 248, § 1.
Section 27-14.3-53. – External audit of receiver’s books.
§ 27-14.3-53. External audit of receiver’s books. The superior court for the county of Providence may, as it deems desirable, cause audits to be made of the books of the commissioner relating to any receivership established under this chapter, and a report of each audit shall be filed with the commissioner and with the court. […]
Section 27-14.3-54. – Conservation of property of foreign or alien insurers found in this state.
§ 27-14.3-54. Conservation of property of foreign or alien insurers found in this state. (a) If a domiciliary liquidator has not been appointed, the commissioner may apply to the superior court for the county of Providence by verified petition for an order directing him or her to act as conservator to conserve the property of […]
Section 27-14.3-55. – Liquidation of property of foreign or alien insurers found in this state.
§ 27-14.3-55. Liquidation of property of foreign or alien insurers found in this state. (a) If no domiciliary receiver has been appointed, the commissioner may apply to the superior court for the county of Providence by verified petition for an order directing him or her to liquidate the assets found in this state of a […]
Section 27-14.3-56. – Domiciliary liquidators in other states.
§ 27-14.3-56. Domiciliary liquidators in other states. (a) The domiciliary liquidator of an insurer domiciled in a reciprocal state shall, except as to special deposits and security on secured claims under § 27-14.3-57(c), be vested by operation of law with the title to all of the assets, property, contracts, and rights of action, agents’ or […]
Section 27-14.3-57. – Ancillary formal proceedings.
§ 27-14.3-57. Ancillary formal proceedings. (a) If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the commissioner may file a petition with the superior court for the county of Providence requesting appointment as ancillary receiver in this state: (1) If he or she finds that there are sufficient assets […]
Section 27-14.3-58. – Ancillary summary proceedings.
§ 27-14.3-58. Ancillary summary proceedings. The commissioner in his or her sole discretion may institute proceedings under § 27-14.3-10 at the request of the commissioner or other appropriate insurance official of the domiciliary state of any foreign or alien insurer having property located in this state. History of Section.P.L. 1993, ch. 248, § 1.
Section 27-14.3-59. – Claims of nonresidents against insurers domiciled in this state.
§ 27-14.3-59. Claims of nonresidents against insurers domiciled in this state. (a) In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in this state, and claimants residing in reciprocal states may file claims either with […]