Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
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