Effective – 28 Aug 1992 375.950. Definitions. — 1. Sections 375.950 to 375.990 may be cited as the “Uniform Insurer’s Liquidation Act”. 2. Sections 375.950 to 375.990 shall apply only to proceedings instituted prior to August 28, 1991. 3. For the purposes of sections 375.950 to 375.990: (1) “Ancillary state” means any state other than […]
Effective – 16 Jun 1976 375.954. Director to be receiver, when — receiver has title to what, ancillary receivers have title to what, filing of order imparts notice — appointment of special deputies, compensation, payment. — 1. Whenever under the laws of this state a receiver is to be appointed in delinquency proceedings for an […]
Effective – 16 Jun 1976 375.958. Ancillary receiver, appointed when, entitled to what property, duties. — 1. Whenever under the laws of this state an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this state, the court shall appoint the director of the department of commerce and insurance […]
Effective – 16 Jun 1976 375.962. Delinquency proceeding in this state, claimants to file claims, with whom, when — controverted claims, proven where — effect of judgment in ancillary state. — 1. In a delinquency proceeding begun in this state against an insurer domiciled in this state, claimants residing in reciprocal states may file claims […]
Effective – 16 Jun 1976 375.966. Delinquency proceeding in another state, claimants to file claims, with whom, when — controverted claims, proven where — effect of judgment. — 1. In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against such insurer who reside within this state may file […]
Effective – 16 Jun 1976 375.970. Preferred claims, how determined. — 1. In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states shall be preferred claims if like claims are preferred under the laws of this state. All such claims whether owing to residents or nonresidents shall […]
Effective – 28 Aug 2016 375.971. Definitions–federal home loan bank duties and procedures upon delinquency proceedings of insurer–member–receiver duties during delinquency proceedings. — 1. As used in this section, the following terms mean: (1) “Federal home loan bank”, a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. Section 1421, […]
Effective – 16 Jun 1976 375.974. Owners of special deposit claims, priority. — The owners of special deposit claims against an insurer for which a receiver is appointed in this or any other state shall be given priority against their several special deposits. If there is a deficiency in any such deposit so that the […]
Effective – 16 Jun 1976 375.978. Secured claim, may file as general creditor, may resort to security, deficiency treated, how. — The owner of a secured claim against an insurer for which a receiver has been appointed in this or any other state may surrender his security and file his claim as a general creditor, […]
Effective – 16 Jun 1976 375.982. Limitation on bringing proceedings, certain liens void. — During the pendency of delinquency proceedings in this or any reciprocal state no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or […]
Effective – 16 Jun 1976 375.986. Receiver in reciprocal state may sue. — The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this state to recover any assets of such insurer to which he may be entitled under the laws of this state. ——– (L. 1976 H.B. 1479 § 10) […]
Effective – 28 Aug 1992 375.990. Severability clause — interpretation of sections 375.950 to 375.990. — 1. If any provision of sections 375.950 to 375.990 or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of sections 375.950 to 375.990 which can be given […]
