375.962. Delinquency proceeding in this state, claimants to file claims, with whom, when--controverted claims, proven where--effect of judgment in ancillary state.
Delinquency proceeding in this state, claimants to file claims, withwhom, when--controverted claims, proven where--effect of judgment inancillary state.
375.962. 1. In a delinquency proceeding begun in this stateagainst an insurer domiciled in this state, claimants residing inreciprocal states may file claims either with the ancillaryreceivers, if any in their respective states, or with thedomiciliary receiver. All such claims must be filed on or beforethe last date fixed for the filing of claims in the domiciliarydelinquency proceedings.
2. Controverted claims belonging to the claimants residingin reciprocal states may either (a) be proved in this state asprovided by law, or (b) if ancillary proceedings have beencommenced in such reciprocal states, may be proved in thoseproceedings. In the event a claimant elects to prove his claimin ancillary proceedings, if notice of the claim and opportunityto appear and be heard is afforded the domiciliary receiver ofthis state as provided in section 375.966 with respect toancillary proceedings in this state, the final allowance of suchclaim by the courts in the ancillary state shall be accepted inthis state as conclusive as to its amount, and shall also beaccepted as conclusive as to its priority, if any, againstspecial deposits or other security located within the ancillarystate.
(L. 1976 H.B. 1479 § 4)Effective 6-16-76