ARTICLE 14.3. Uniform Liquidation Act [1064.1. - 1064.13.]
Article 14.3 added by Stats. 1988, Ch. 1466, Sec. 1.
§§ 1064.1–1064.13 · 13 sections
- § 1064.1 For the purposes of this act: (a) “Insurer” means any person subject to the insurance supervisory authority of, or to liquidation, rehabilitation,…
- § 1064.2 (a) Whenever under the laws of this state a receiver is to be appointed in delinquency proceedings for an insurer domiciled in this state, the court shall…
- § 1064.3 (a) Whenever under the laws of this state an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this state, the…
- § 1064.4 (a) In a delinquency proceeding begun in this state against an insurer domiciled in this state, claimants residing in reciprocal states may file claims either…
- § 1064.5 (a) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against such insurer who reside within this state…
- § 1064.6 (a) In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states shall be preferred claims if like…
- § 1064.7 The owners of special deposit claims against an insurer for which a receiver is appointed in this or any other state shall be given priority against their…
- § 1064.8 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…
- § 1064.9 During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment, or…
- § 1064.10 The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this state to recover any assets of that insurer to which he or she may be…
- § 1064.11 If any provision of this article or the application thereof to any person or circumstances is held invalid, that invalidity shall not affect other provisions…
- § 1064.12 (a) This article may be referred to as the “Uniform Insurers Rehabilitation Act.” (b) The Uniform Insurers Rehabilitation Act shall be so interpreted and…
- § 1064.13 (a) Upon receipt of a notice of liquidation the commissioner shall cease imposing, billing or collecting fees and assessments against the subject company…