New York Laws
Article 74 - Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
7412 - Filing and Proving of Claims of Residents Against Delinquent Insurers Domiciled in Reciprocal States.

(b) (1) Controverted claims belonging to claimants residing in this
state may be proved either in the domiciliary state as provided by the
law of that state, or in ancillary proceedings, if any, in this state.
(2) If the claimant elects to prove his claim in this state, he shall
file it with the ancillary receiver in the manner provided by the law of
this state for the proving of claims against insurers domiciled in this
state, and he shall give notice in writing to the receiver in the
domiciliary state either by registered mail or by personal service at
least forty days prior to the date set for hearing. The notice shall
contain a concise statement of the amount of the claim, the facts on
which it is based, and the priorities asserted, if any. If the
domiciliary receiver, within thirty days after the giving of such
notice, shall give notice in writing to the ancillary receiver and to
the claimant, either by registered mail or personal service, of his
intention to contest such claim, he shall be entitled to appear or to be
represented in any proceeding in this state involving the adjudication
of the claim.
(3) The final allowance of the claim by the courts of this state shall
be accepted as conclusive as to its amount, and shall also be accepted
as conclusive as to its priority, if any, against special deposits or
other security located within this state.

Structure New York Laws

New York Laws

ISC - Insurance

Article 74 - Rehabilitation, Liquidation, Conservation and Dissolution of Insurers

7401 - Application of Article; Definitions.

7402 - Grounds for Rehabilitation of Domestic Insurer.

7403 - Order of Rehabilitation; Advances From Property/casualty Insurance Security Fund; Termination.

7404 - Grounds for Liquidation.

7405 - Order of Liquidation; Rights and Liabilities.

7406 - Grounds for Conservation of Assets of Foreign or Alien Insurer.

7407 - Order of Conservation or Ancillary Liquidation of a Foreign or Alien Insurer.

7408 - Uniform Insurers Liquidation Act; Title; Definitions.

7409 - Conduct of Delinquency Proceedings Against Insurers Domiciled in This State.

7410 - Conduct of Delinquency Proceedings Against Insurers Not Domiciled in This State.

7411 - Filing and Proving of Claims of Non-Residents Against Delinquent Insurers Domiciled in This State.

7412 - Filing and Proving of Claims of Residents Against Delinquent Insurers Domiciled in Reciprocal States.

7413 - Priority of Preferred Claims, Special Deposit Claims and Secured Claims.

7414 - Attachment and Garnishment of Assets.

7415 - Uniformity of Interpretation.

7416 - Grounds for Dissolution of Domestic Insurer.

7417 - Commencement of a Proceeding.

7418 - Service of Order to Show Cause.

7419 - Injunctions.

7420 - Annual Report.

7421 - Removal of Proceedings.

7422 - Appointment of Deputies; Employment of Assistants.

7423 - Exemption From Filing Fees.

7424 - Deposit of Monies Collected; Preference.

7425 - Voidable Transfers.

7427 - Offsets.

7428 - Disposition of Assets and Compromise of Claims.

7429 - Borrowing on the Pledge of Assets.

7430 - Levy of Assessments; Determination of Liability of Members.

7431 - Determination of Liability of Members for Other Indebtedness.

7432 - Adjudication of Insolvency of Insurer; Time to File Claims.

7433 - Proof and Allowance of Claims.

7433-A - Loan to Workers' Compensation Security Fund.

7434 - Distribution of Assets.

7435 - Distribution for Life Insurers.

7436 - Claims-Made Policies; Special Requirements.

7437 - Qualified Financial Contracts.