Idaho Statutes

§ 41-3359 — SUBORDINATION OF CLAIMS FOR NONCOOPERATION

Idaho·Title 41 INSURANCE·Ch. 33 INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
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 under section 41-3342 (7), Idaho Code.

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Legislative History

[41-3359, added 1981, ch. 249, sec. 2, p. 540.]

Nearby Sections

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