(1) 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 such claims whether owing to residents or nonresidents shall be given equal priority of payment from general assets regardless of where such assets are located.
(2) In a delinquency proceeding against an insurer domiciled in a reciprocal state, claims owing to residents of this state shall be preferred if like claims are preferred by the laws of that state. [1967 c.359 §283]Section: Previous 734.220 734.230 734.240 734.250 734.260 734.270 734.280 734.290 734.300 734.310 734.320 734.330 734.340 734.350 734.360 Next
Last modified: August 7, 2008