Indiana § 27-9-3-13 Listing of assets

Indiana Statutes

§ 27-9-3-13 — Listing of assets

Indiana·Title 27 INSURANCE·Art. 9 SUPERVISION; REHABILITATION;·Ch. 3 Formal Proceedings

(a)As soon as practicable after the liquidation order, but not later than one hundred twenty (120) days after that order, the liquidator shall prepare in duplicate a list of the insurer's assets. The list shall be amended or supplemented as the liquidator determines necessary. One (1) copy shall be filed in the office of the clerk of the Marion County circuit court and one (1) copy shall be retained for the liquidator's files. All amendments and supplements shall be similarly filed.

(b)The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.

(c)A submission to the Marion County circuit court for disbursement of assets in accordance with section 32 of this chapter fulfills the requirements of subsection (a). As ad

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(a) As soon as practicable after the liquidation
order, but not later than one hundred twenty (120) days after that order,
the liquidator shall prepare in duplicate a list of the insurer's assets. The
list shall be amended or supplemented as the liquidator determines
necessary. One (1) copy shall be filed in the office of the clerk of the
Marion County circuit court and one (1) copy shall be retained for the
liquidator's files. All amendments and supplements shall be similarly
filed.
(b) The liquidator shall reduce the assets to a degree of liquidity that
is consistent with the effective execution of the liquidation.
(c) A submission to the Marion County circuit court for
disbursement of assets in accordance with section 32 of this chapter
fulfills the requirements of subsection (a).
As added by Acts 1979, P.L.255, SEC.1.

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