Section 21.78.160. Claims against foreign insurers.

   (a) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside in this state may file claims either with the ancillary receiver, if any, appointed in this state, or with the domiciliary receiver.  The claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings.
   (b) Controverted claims belonging to claimants residing in this state may either
        (1) be proved in the domiciliary state as provided by the law of that state; or
        (2) if ancillary proceedings have been commenced in this state, be proved in those proceedings; in the event that a claimant elects to prove the claim in this state, the claimant shall file the claim with the ancillary receiver and shall give notice in writing to the receiver in the domiciliary state, either by registered mail or by personal service at least 40 days before the date set for hearing; the notice must contain a concise statement of the amount of the claim, the facts on which the claim is based, and the priorities asserted, if any; if the domiciliary receiver within 30 days after the giving of notice gives notice in writing to the ancillary receiver and to the claimant, either by registered mail or by personal service, of intention to contest the claim, the domiciliary receiver shall be entitled to appear or to be represented in any proceeding in this state involving adjudication of the claim; the final allowance of the claim by the courts of this state shall be accepted as conclusive as to its amount and its priority, if any, against special deposits or other security located in this state.

Authorities

21.78.150

Notes

References

AS 21.78.150 Claims of nonresidents against domestic insurers.

History

(Sec. 1 ch 120 SLA 1966)