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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.59 - SUBORDINATION OF CLAIMS FOR NONCOOPERATION.

        507C.59  SUBORDINATION OF CLAIMS FOR NONCOOPERATION.

         If an ancillary receiver in another state or foreign country,
      whether called by that name or not, fails to transfer to the
      domiciliary liquidator in this state assets within the ancillary
      receiver's control other than special deposits, diminished only by
      the expenses of the ancillary receivership, the claims filed in the
      ancillary receivership, other than special deposit claims or secured
      claims, shall be placed in the class of claims under section 507C.42,
      subsection 8.
         Section History: Recent Form
         84 Acts, ch 1175, § 59; 97 Acts, ch 186, §5

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