Connecticut § 38a-961 (Formerly Sec. 38-479). Subordination of claims for noncooperation.

Connecticut Statutes

§ 38a-961 — (Formerly Sec. 38-479). Subordination of claims for noncooperation.

Connecticut § 38a-961

Title 38aInsurance

Ch. 704cInsurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

This text of Connecticut § 38a-961 ((Formerly Sec. 38-479). Subordination of claims for noncooperation.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-961 (2026).

Text

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 expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims pursuant to subdivision (8) of subsection (a) of section 38a-944.

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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 expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims pursuant to subdivision (8) of subsection (a) of section 38a-944.

Legislative History

(P.A. 79-382, S. 59; P.A. 98-214, S. 27.) History: Sec. 38-479 transferred to Sec. 38a-961 in 1991; P.A. 98-214 substituted reference to Sec. 38a-944(a)(8) for reference to Sec. 38a-944(g).