2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.55 - CLAIMS OF NONRESIDENTS AGAINST INSURERS DOMICILED IN THIS STATE.

        507C.55  CLAIMS OF NONRESIDENTS AGAINST INSURERS
      DOMICILED IN THIS STATE.
         1.  In a liquidation proceeding begun in this state against an
      insurer domiciled in this state, claimants residing in foreign
      countries or in nonreciprocal states shall file claims in this state,
      and claimants residing in reciprocal states shall file claims either
      with the ancillary receivers in their respective states or with the
      domiciliary liquidator.  Claims shall be filed on or before the last
      date fixed for the filing of claims in the domiciliary liquidation
      proceeding.
         2.  Claims belonging to claimants residing in reciprocal states
      shall be proved either in the liquidation proceeding in this state as
      provided in this chapter or in ancillary proceedings in the
      reciprocal states, if a claim filing procedure is established in the
      ancillary proceeding.  If notice of the claims and opportunity to
      appear and be heard is afforded the domiciliary liquidator of this
      state as provided in section 507C.56, subsection 2, with respect to
      ancillary proceedings, the final allowance of claims by the courts in
      ancillary proceedings in reciprocal states shall be conclusive as to
      amount and as to priority against special deposits or other security
      located in such ancillary states, but shall not be conclusive with
      respect to priorities against general assets under section 507C.42.
      

         84 Acts, ch 1175, § 55; 92 Acts, ch 1117, § 33
         Referred to in § 507C.2