R.I. Gen. Laws § 27-14.4-12

Current through 2024 Public Law 457

Section 27-14.4-12 - Preferred ancillary claims against domestic insurers

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.

P.L. 1994, ch. 141, § 2.