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 § 27-14.3-46(a)(8).
R.I. Gen. Laws § 27-14.3-63
Subordination of claims for noncooperation
Known as the Insurers’ Rehabilitation and Liquidation Act
The act spans §§ 27-14.3-1 to 27-14.3-9 (67 sections).
P.L. 1993, ch. 248, § 1; P.L. 2008, ch. 475, § 80.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.