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 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 section 41-3342(7), Idaho Code.
Idaho Code § 41-3359
Subordination of claims for noncooperation
Known as the Idaho Insurers Supervision, Rehabilitation, and Liquidation Act
The act spans §§ 41–41 (60 sections).
I.C., § 41-3359, as added by 1981, ch. 249, § 2, p. 502.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.