If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under paragraph (7) of Code Section 33-37-41.
History. Code 1981, § 33-37-58 , enacted by Ga. L. 1991, p. 1424, § 7.
Structure Georgia Code
Chapter 37 - Insurers Rehabilitation and Liquidation
Article 4 - Liquidation Proceedings
§ 33-37-49. Commissioner Appointed as Conservator of Alien or Foreign Insurer’s Property; Grounds
§ 33-37-50. Commissioner Appointed as Liquidator of Foreign or Alien Insurer’s Assets; Grounds
§ 33-37-51. Title to Property of Insurer Domiciled in Another State; Rights of Resident Claimants
§ 33-37-52. Commissioner as Ancillary Receiver for Insurer Not Domiciled in This State
§ 33-37-54. Rights of Nonresident Claimants in Proceeding Against Domiciliary Insurer
§ 33-37-56. Stay of Proceedings During Pendency of Liquidation Proceeding
§ 33-37-58. Failure of Ancillary Receiver to Transfer Assets