2006 Utah Code - 31A-27-406 — Claims of nonresidents against insurers domiciled in Utah.

     31A-27-406.   Claims of nonresidents against insurers domiciled in Utah.
     (1) In a liquidation proceeding begun in Utah against an insurer domiciled in Utah, claimants residing in foreign countries or in states which are not reciprocal states shall file their claims in Utah, and claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary liquidator. Claims shall be filed on or before the last dates fixed for the filing of claims in the domiciliary liquidation proceeding.
     (2) Claims belonging to claimants residing in reciprocal states may be proved either in the liquidation proceeding in Utah as provided in this chapter, or in ancillary proceedings, if any, in the reciprocal states. If notice of the claim and opportunity to appear and be heard is afforded the Utah domiciliary liquidator as provided in Section 31A-27-407 with respect to ancillary proceedings in Utah, the final allowance of claims by the courts in ancillary proceedings in reciprocal states is conclusive as to amount and as to priority against special deposits or other security located in the ancillary states, but is not conclusive with respect to priorities against general assets subject to the priorities under Section 31A-27-335.

Enacted by Chapter 242, 1985 General Session