4024.1 Upon the liquidation of a domestic reciprocal insurer, its remaining assets shall be distributed according to such reasonable plan as the Commissioner may approve.

4024.2 No subscriber shall receive any distribution from a liquidated domestic reciprocal insurer until:

(a) All indebtedness and policy obligations are discharged;

(b) Any contributions of the attorney or other persons to the surplus of the reciprocal insurer have been returned; and

(c) Any unused premium, savings, or credits held by the reciprocal insurer are returned.

Source: Notice of Emergency and Proposed Rulemaking published at 54 DCR 12099 (December 14, 2007)[EXPIRED]; as amended by Notice of Final Rulemaking published at 55 DCR 479, 488 (January 18, 2008).