Chapter 14.3
Insurers’ Rehabilitation and Liquidation Act

Index of Sections

§ 27-14.3-1. Short title — Construction — Purpose.

§ 27-14.3-2. Applicability.

§ 27-14.3-3. Definitions.

§ 27-14.3-4. Jurisdiction and venue.

§ 27-14.3-5. Injunctions and orders.

§ 27-14.3-6. Cooperation of officers, owners, and employees.

§ 27-14.3-7. Repealed.

§ 27-14.3-8. Condition on release from delinquency proceedings.

§ 27-14.3-9. Immunity and indemnification of the receiver and employees.

§ 27-14.3-10. Court’s seizure order.

§ 27-14.3-11. Commencement of formal delinquency proceeding.

§ 27-14.3-12. Return of summons and summary hearing.

§ 27-14.3-13. Proceedings for expedited trial — Continuances, discovery, and evidence.

§ 27-14.3-14. Decision and appeals.

§ 27-14.3-15. Confidentiality of hearings.

§ 27-14.3-16. Grounds for rehabilitation.

§ 27-14.3-17. Rehabilitation order.

§ 27-14.3-18. Powers and duties of rehabilitator.

§ 27-14.3-19. Actions by and against rehabilitator.

§ 27-14.3-20. Termination of rehabilitation.

§ 27-14.3-21. Grounds for liquidation.

§ 27-14.3-22. Liquidation orders.

§ 27-14.3-22.1. Grounds for rehabilitation or liquidation of a domestic company that is a covered financial company under Dodd-Frank Wall Street Reform and Consumer Protection Act.

§ 27-14.3-23. Continuance of coverage.

§ 27-14.3-24. Dissolution of insurer.

§ 27-14.3-25. Powers of liquidator.

§ 27-14.3-26. Notice to creditors and others.

§ 27-14.3-27. Duties of agents or insurance producers.

§ 27-14.3-28. Actions by and against liquidator.

§ 27-14.3-29. Collection and list of assets.

§ 27-14.3-30. Fraudulent transfers prior to petition.

§ 27-14.3-31. Fraudulent transfer after petition.

§ 27-14.3-32. Voidable preferences and liens.

§ 27-14.3-33. Claims of holders of void or voidable rights.

§ 27-14.3-34. Setoffs.

§ 27-14.3-35. Assessments.

§ 27-14.3-36. Reinsurer’s liability.

§ 27-14.3-37. Recovery of premiums owed.

§ 27-14.3-38. Domiciliary liquidator’s proposal to distribute assets.

§ 27-14.3-39. Filing of claims.

§ 27-14.3-40. Proof of claim.

§ 27-14.3-41. Special claims.

§ 27-14.3-42. Special provisions for third party claims.

§ 27-14.3-43. Disputed claims.

§ 27-14.3-44. Claims of surety.

§ 27-14.3-45. Secured creditor’s claims.

§ 27-14.3-46. Priority of distribution.

§ 27-14.3-46.1. Insurer assessments.

§ 27-14.3-47. Liquidator’s recommendations to the court.

§ 27-14.3-48. Distribution of assets.

§ 27-14.3-49. Unclaimed and withheld funds.

§ 27-14.3-50. Termination of proceedings.

§ 27-14.3-51. Reopening liquidation.

§ 27-14.3-52. Disposition of records during and after termination of liquidation.

§ 27-14.3-53. External audit of receiver’s books.

§ 27-14.3-54. Conservation of property of foreign or alien insurers found in this state.

§ 27-14.3-55. Liquidation of property of foreign or alien insurers found in this state.

§ 27-14.3-56. Domiciliary liquidators in other states.

§ 27-14.3-57. Ancillary formal proceedings.

§ 27-14.3-58. Ancillary summary proceedings.

§ 27-14.3-59. Claims of nonresidents against insurers domiciled in this state.

§ 27-14.3-60. Claims of residents against insurers domiciled in reciprocal states.

§ 27-14.3-61. Attachment, garnishment and levy of execution.

§ 27-14.3-62. Interstate priorities.

§ 27-14.3-63. Subordination of claims for noncooperation.

§ 27-14.3-64. Severability.

§ 27-14.3-65. Rules and regulations.