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. If there is a deficiency in any such deposit so that the claims secured thereby are not fully discharged therefrom, the claimants may share in the general assets, but such 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.
Mo. Rev. Stat. § 375.974
Owners of special deposit claims, priority
Known as the Insurance Producers Act
The act spans §§ 375–375 (383 sections).
Effective: 16 Jun 1976, see footnote; (L. 1976 H.B. 1479 § 7)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.