§ 27-14.4-6. Director as ancillary receiver.
Whenever under the laws of this state an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this state, the superior court shall appoint the director of business regulation as the ancillary receiver. The ancillary receiver shall file a petition in the court requesting appointment:
(1) If he or she finds that there are sufficient assets of the insurer located in this state to justify the appointment of an ancillary receiver; or
(2) If ten (10) or more persons resident in this state having claims against the insurer file a petition with the director of business regulation requesting the appointment of an ancillary receiver.
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.