(b) Where a liquidation, rehabilitation or conservation order has been
entered in a proceeding against an insurer under this article, all
persons who may have claims against such insurer shall present the same
to the liquidator, rehabilitator or conservator at a place specified by
him within four months from the date of the entry of such order, or, if
the superintendent shall certify that it is necessary, within such
longer time as the court shall prescribe. The superintendent shall
notify all persons who may have claims against such insurer as disclosed
by its books and records, to present the same to him within the time as
fixed. The last day for the filing of proofs of claim shall be specified
in the notice. Such notice shall be given in a manner determined by the
court.
(c) Proofs of claim may be filed subsequent to the date specified,
but, no such claim shall share in the distribution of the assets until
all allowed claims, proofs of which were filed before such specified
date, have been paid in full with interest.
Structure New York Laws
Article 74 - Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
7401 - Application of Article; Definitions.
7402 - Grounds for Rehabilitation of Domestic Insurer.
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.
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.
7421 - Removal of Proceedings.
7422 - Appointment of Deputies; Employment of Assistants.
7423 - Exemption From Filing Fees.
7424 - Deposit of Monies Collected; Preference.
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.