In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states shall be preferred claims if like claims are preferred under the laws of this state. All claims whether owing to residents or nonresidents shall be given equal priority of payment from general assets regardless of where those assets are located.
R.I. Gen. Laws § 27-14.4-12
Preferred ancillary claims against domestic insurers
Known as the Uniform Insurers Liquidation Act
The act spans §§ 27-14.4-1 to 27-14.4-9 (23 sections).
P.L. 1994, ch. 141, § 2.
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.