§ 26-28-115 — Claims against foreign insurers

Wyoming § 26-28-115

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 28: REHABILITATION AND LIQUIDATION

Text

(a) In a delinquency proceeding in a reciprocal state
against an insurer domiciled in that state, claimants against
the insurer who reside within this state may file claims either
with the ancillary receiver, if any, appointed in this state, or
with the domiciliary receiver. The claims shall be filed on or
before the last date fixed for the filing of claims in the
domiciliary delinquency proceedings.
(b) Controverted claims belonging to claimants residing in
this state may either:
(i) Be proved in the domiciliary state as provided by
the laws of that state; or
(ii) If ancillary proceedings have been commenced in
this state, be proved in those proceedings.
(c) If any claimant elects to prove his claim in this
state, he shall file his claim with the ancillary receiver and
shall give notice in writing to the receiver in the domiciliary
state, either by registered mail or by personal service at least
forty (40) days prior to the date set for hearing. The notice
shall contain a concise statement of the amount of the claim,
the facts on which the claim is based and the priorities
asserted, if any. If the domiciliary receiver within thirty (30)
days after the giving of the notice gives notice in writing to
the ancillary receiver and to the claimant, either by registered
mail or by personal service, of his intention to contest the
claim, he is entitled to appear or to be represented in any
proceeding in this state involving the claim adjudication. The
final allowance of the claim by the courts of this state shall
be accepted as conclusive as to its amount and shall also be
accepted as conclusive as to its priority, if any, against
special deposits or other security located within this state.