District of Columbia Code
Chapter 13 - Insurers Rehabilitation and Liquidation Procedures
§ 31–1356. Interstate priorities

(a) In a liquidation proceeding in the District involving 1 or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment from general assets regardless of where the assets are located.
(b) The owners of special deposit claims against an insurer for which a liquidator is appointed in this or any other state shall be given priority against the special deposits in accordance with the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit so that the claims secured by it are not fully discharged from it, the claimants may share in the general assets, but the sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.
(c) The owner of a secure claim against an insurer for which a liquidator 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 accordance with § 31-1339, 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 claims of unsecured creditors.
(Oct. 15, 1993, D.C. Law 10-35, § 57, 40 DCR 5773.)
1981 Ed., § 35-2856.

Structure District of Columbia Code

District of Columbia Code

Title 31 - Insurance and Securities

Chapter 13 - Insurers Rehabilitation and Liquidation Procedures

§ 31–1301. Definitions

§ 31–1302. Applicability

§ 31–1303. Jurisdiction and venue

§ 31–1304. Injunctions and orders

§ 31–1305. Cooperation of officers, owners, and employees

§ 31–1306. Continuation of delinquency proceedings

§ 31–1307. Condition on release from delinquency proceedings; conditions on operations during proceedings

§ 31–1308. Temporary seizure order

§ 31–1309. Confidentiality of records

§ 31–1309.01. Duty to provide information to other insurance regulators and guaranty associations

§ 31–1310. Grounds for rehabilitation

§ 31–1311. Rehabilitation orders

§ 31–1312. Powers and duties of the rehabilitator

§ 31–1313. Actions by and against the rehabilitator

§ 31–1314. Termination of rehabilitation

§ 31–1315. Grounds for liquidation

§ 31–1316. Liquidation orders

§ 31–1317. Continuance of coverage

§ 31–1318. Dissolution of insurer

§ 31–1319. Powers of liquidator

§ 31–1320. Notice to creditors and others

§ 31–1321. Duties of agents

§ 31–1322. Actions by and against liquidator

§ 31–1323. Collection and list of assets

§ 31–1324. Fraudulent transfer prior to petition

§ 31–1325. Fraudulent transfer after petition

§ 31–1326. Voidable preferences and liens

§ 31–1327. Claims of holders of void or voidable rights

§ 31–1328. Setoffs

§ 31–1329. Assessments

§ 31–1330. Reinsurer’s liability

§ 31–1331. Recovery of premiums owed

§ 31–1332. Domiciliary liquidator’s proposal to distribute assets

§ 31–1333. Filing of claims

§ 31–1334. Proof of claim

§ 31–1335. Special claims

§ 31–1336. Special provisions for third party claims

§ 31–1337. Disputed claims

§ 31–1338. Claims of surety

§ 31–1339. Secured creditor’s claims

§ 31–1340. Priority of distribution

§ 31–1341. Liquidator’s recommendations to the court

§ 31–1342. Distribution of assets

§ 31–1343. Unclaimed and withheld funds

§ 31–1344. Termination of proceedings

§ 31–1345. Reopening liquidation

§ 31–1346. Disposition of records during and after termination of liquidation

§ 31–1347. External audit of the receiver’s books

§ 31–1348. Conservation of property of foreign or alien insurers found in the District of Columbia

§ 31–1349. Liquidation of property of foreign or alien insurers found in the District of Columbia

§ 31–1350. Domiciliary liquidators in other states

§ 31–1351. Ancillary formal proceedings

§ 31–1352. Ancillary summary proceedings

§ 31–1353. Claims of nonresidents against insurers domiciled in the District of Columbia

§ 31–1354. Claims of residents against insurers domiciled in reciprocal states

§ 31–1355. Attachment, garnishment, and levy of execution

§ 31–1356. Interstate priorities

§ 31–1357. Subordination of claims for noncooperation