§ 7100. Subordination of claims for noncooperation
If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this State any assets within his or her control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under subdivision 7081(9) of this title. (Added 1991, No. 45, § 2, eff. May 29, 1991; amended 2001, No. 71, § 15, eff. June 16, 2001.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 145 - Supervision, Rehabilitation, and Liquidation of Insurers
§ 7032. Jurisdiction and venue
§ 7033. Injunctions and orders
§ 7034. Cooperation of officers, owners, and employees
§ 7035. Continuation of delinquency proceedings
§ 7036. Condition on release from delinquency proceedings
§ 7041. Commissioner’s summary orders and supervision proceedings
§ 7043. Confidentiality of hearings
§ 7051. Grounds for rehabilitation
§ 7053. Powers and duties of the rehabilitator
§ 7054. Actions by and against rehabilitator
§ 7055. Termination of rehabilitation
§ 7056. Grounds for liquidation
§ 7058. Continuance of coverage
§ 7059. Dissolution of insurer
§ 7061. Notice to creditors and others
§ 7063. Actions by and against liquidator
§ 7064. Collection and list of assets
§ 7065. Fraudulent transfers prior to petition
§ 7066. Fraudulent transfer after petition
§ 7067. Voidable preferences and liens
§ 7068. Claims of holders of void or voidable rights
§ 7072. Recovery of premiums owed
§ 7073. Domiciliary liquidator’s proposal to distribute assets
§ 7077. Special provisions for third party claims
§ 7080. Secured creditor’s claims
§ 7081. Priority of distribution
§ 7082. Liquidator’s recommendations to the Court
§ 7083. Distribution of assets
§ 7084. Unclaimed and withheld funds
§ 7085. Termination of proceedings
§ 7087. Disposition of records during and after termination of liquidation
§ 7088. External audit of the receiver’s books
§ 7091. Conservation of property of foreign or alien insurers found in this State
§ 7092. Liquidation of property of foreign or alien insurers found in this State
§ 7093. Domiciliary liquidators in other states
§ 7094. Ancillary formal proceedings
§ 7095. Ancillary summary proceedings
§ 7096. Claims of nonresidents against insurers domiciled in this State
§ 7097. Claims of residents against insurers domiciled in reciprocal states