Rhode Island § 27-14.4-15 § 27-14.4-15. Secured claims.

Rhode Island Statutes

§ 27-14.4-15 — § 27-14.4-15. Secured claims.

Rhode Island § 27-14.4-15

Title 27Insurance

Ch. 27-14.4Uniform Insurers Liquidation Act

This text of Rhode Island § 27-14.4-15 (§ 27-14.4-15. Secured claims.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-14.4-15 (2026).

Text

§ 27-14.4-15. Secured claims.
The owner of a secured claim against an insurer for which a receiver has been appointed
            in this or any other state may surrender his or her security and file his or her claim
            as a general creditor, or the claim may be discharged by resort to the security, in
            which case the deficiency, if any, shall be treated as a claim against the general
            assets of the insurer on the same basis as the claims of unsecured creditors. If the
            amount of the deficiency has been adjudicated in ancillary proceedings as provided
            in this chapter, or if it has been adjudicated by a court of competent jurisdiction
            in proceedings in whi

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§ 27-14.4-15. Secured claims.

The owner of a secured claim against an insurer for which a receiver has been appointed in this or any other state may surrender his or her security and file his or her claim as a general creditor, or the claim may be discharged by resort to the security, in which case the deficiency, if any, shall be treated as a claim against the general assets of the insurer on the same basis as the claims of unsecured creditors. If the amount of the deficiency has been adjudicated in ancillary proceedings as provided in this chapter, or if it has been adjudicated by a court of competent jurisdiction in proceedings in which the domiciliary receiver has had notice and opportunity to be heard, that amount shall be conclusive; otherwise the amount shall be determined in the delinquency proceeding in the domiciliary state.