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 83-24-83(7).
Miss. Code Ann. § 83-24-117
Failure of ancillary receiver in another state or foreign country to transfer assets to domiciliary liquidator
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 83–83 (59 sections).
Laws, 1991, ch. 417, § 59, eff from and after passage (approved March 20, 1991
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.