Sec. 38a-958. (Formerly Sec. 38-476). Commissioner as ancillary receiver for insurers not domiciled in this state.
Sec. 38a-958. (Formerly Sec. 38-476). Commissioner as ancillary receiver for
insurers not domiciled in this state. (a) Promptly after the appointment of the commissioner as ancillary receiver for an insurer not domiciled in this state, the commissioner
shall determine whether there are claimants residing in this state who are not protected
by guaranty funds and if so, whether the protection of such claimants requires the establishing of a claim filing procedure in the ancillary proceeding. If a claim filing procedure
is established, claimants against the insurer who reside within this state may file claims
either with the ancillary receiver, if any, in this state, or with the domiciliary liquidator.
Claims must be filed on or before the last dates fixed for the filing of claims in the
domiciliary liquidation proceeding.
(b) Claims belonging to claimants residing in this state may be proved either in the
domiciliary state under the law of that state, or in ancillary proceedings, if any, in this
state, provided a claim filing procedure is established in the ancillary proceeding. If a
claimant elects to prove his claim in this state, he shall file his claim with the liquidator
in the manner provided in sections 38a-937 and 38a-938. The ancillary receiver shall
make his recommendation to the court pursuant to section 38a-945. He shall also arrange
a date for hearing if necessary pursuant to section 38a-941 and shall give notice to the
liquidator in the domiciliary state, either by certified mail or by personal service, at least
forty days prior to the date set for hearing. If the domiciliary liquidator, within thirty
days after the giving of such notice, gives notice in writing to the ancillary receiver and
to the claimant, either by certified mail or by personal service, of his intention to contest
the claim, he shall be entitled to appear or to be represented in any proceeding in this
state involving the adjudication of the claim.
(c) The final allowance of the claim by the courts of this state shall be accepted as
conclusive as to amount and as to priority against special deposits or other security
located in this state.
(P.A. 79-382, S. 56; P.A. 92-93, S. 31.)
History: Sec. 38-476 transferred to Sec. 38a-958 in 1991; P.A. 92-93 amended Subsec. (a) re appointment of commissioner as ancillary receiver for insurer not domiciled in this state and amended Subsec. (b) re ancillary claim filing procedures.