§ 27-14.4-14. Special deposit claims.
The owners of special deposit claims against an insurer for which a receiver is appointed in this or any other state shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of special deposits. If there is a deficiency in any special deposit so that the claims secured by the special deposit are not fully discharged, the claimants may share in the general assets, but any sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.
History of Section.P.L. 1994, ch. 141, § 2.
Structure Rhode Island General Laws
Chapter 27-14.4 - Uniform Insurers Liquidation Act
Section 27-14.4-1. - Short title.
Section 27-14.4-2. - Definitions.
Section 27-14.4-3. - Director as domiciliary receiver.
Section 27-14.4-4. - Title vested in domiciliary receiver — Official bond.
Section 27-14.4-5. - Administration of assets by receiver — Employment of deputies and personnel.
Section 27-14.4-6. - Director as ancillary receiver.
Section 27-14.4-7. - Powers and duties of receivers of foreign companies.
Section 27-14.4-8. - Filing by claimants in reciprocal states against insurers of this state.
Section 27-14.4-9. - Proof of controverted claims of nonresidents.
Section 27-14.4-10. - Filing by claimants in this state against foreign insurer.
Section 27-14.4-11. - Proof of controverted claims of residents.
Section 27-14.4-12. - Preferred ancillary claims against domestic insurers.
Section 27-14.4-13. - Preferred claims in this state against foreign insurers.
Section 27-14.4-14. - Special deposit claims.
Section 27-14.4-15. - Secured claims.
Section 27-14.4-16. - Attachment, garnishment, and execution.
Section 27-14.4-17. - Suit in this state by domiciliary receiver of foreign insurer.
Section 27-14.4-18. - Right of receiver to deposits.
Section 27-14.4-19. - Immediate access to assets.
Section 27-14.4-20. - Priority of distribution.
Section 27-14.4-21. - Agent’s responsibilities.