The priority of distribution of claims from the insurer's estate shall be in accordance with the order in which each class of claims is herein set forth. Every claim in each class shall be paid in full or adequate funds retained for such payment before the members of the next class receive any payment. No subclasses shall be established within any class. The order of distribution of claims shall be:
Structure Mississippi Code
Chapter 24 - Insurers Rehabilitation and Liquidation Act
§ 83-24-3. Declaration of purpose
§ 83-24-5. Application of chapter
§ 83-24-15. Commencement of proceedings under former law; application of current provisions
§ 83-24-17. Restrictions on insurer after commencement of delinquency proceedings
§ 83-24-21. Confidentiality of records pertaining to proceedings
§ 83-24-33. Petition for order directing liquidation; grounds
§ 83-24-39. Petition for order to dissolve corporate existence
§ 83-24-63. Recovery from reinsurers; amount
§ 83-24-79. Failure of secured creditor to file claim; distribution on claim
§ 83-24-83. Priority of distribution of claims; order of distribution
§ 83-24-87. Payment of distributions
§ 83-24-93. Reopening proceedings after discharge of liquidator; orders
§ 83-24-95. Destruction of records
§ 83-24-107. Discretion of commissioner of insurance to institute proceedings