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 subsection (8) of KRS 304.33- 430.
KRS 304.33-600
Subordination of claims for noncooperation
Known as the Insurers Rehabilitation and Liquidation Law
The act spans §§ 304.33-010 to 304.33-600 (68 sections).
Effective: July 14, 2000 History: Amended 2000 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.