North Dakota § 26.1-06.1-54 Claims of nonresidents against insurers domiciled in this state

North Dakota Statutes

§ 26.1-06.1-54 — Claims of nonresidents against insurers domiciled in this state

North Dakota § 26.1-06.1-54

Title 26.1Insurance

Ch. 26.1-06.1Insurance Company Rehabilitation and Liquidation

This text of North Dakota § 26.1-06.1-54 (Claims of nonresidents against insurers domiciled in this state) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-06.1-54 (2026).

Text

1.In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in this state, and claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary liquidator. Claims must be filed on or before the last date fixed for the filing of claims in the domiciliary liquidation proceeding.

2.Claims belonging to claimants residing in reciprocal states may be proved either in the liquidation proceeding in this state as provided in this chapter, or in ancillary proceedings, if any, in the reciprocal states. If notice of the claims and opportunity to appear and be heard is afforded the domicili

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1. In a liquidation proceeding begun in this state against an insurer domiciled in this
state, claimants residing in foreign countries or in states not reciprocal states must file
claims in this state, and claimants residing in reciprocal states may file claims either
with the ancillary receivers, if any, in their respective states, or with the domiciliary
liquidator. Claims must be filed on or before the last date fixed for the filing of claims in
the domiciliary liquidation proceeding.
2. Claims belonging to claimants residing in reciprocal states may be proved either in the
liquidation proceeding in this state as provided in this chapter, or in ancillary
proceedings, if any, in the reciprocal states. If notice of the claims and opportunity to
appear and be heard is afforded the domiciliary liquidator of this state as provided in
subsection 2 of section 26.1-06.1-55 with respect to ancillary proceedings, the final
allowance of claims by the courts in ancillary proceedings in reciprocal states is
conclusive as to amount and as to priority against special deposits or other security
located in such ancillary states, but is not conclusive with respect to priorities against
general assets under section 26.1-06.1-41.