Indiana § 27-9-4-10 Failure by ancillary receiver to transfer assets

Indiana Statutes

§ 27-9-4-10 — Failure by ancillary receiver to transfer assets

Indiana·Title 27 INSURANCE·Art. 9 SUPERVISION; REHABILITATION;·Ch. 4 Interstate Relations

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 Indiana 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 IC 27-9-3-40(7).
As added by Acts 1979, P.L.255, SEC.1.

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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 Indiana 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 IC 27-9-3-40(7).
As added by Acts 1979, P.L.255, SEC.1.

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