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Rhode Island General Laws

Chapter 27-14.3

R.I. Gen. Laws tit. 27, ch. 14.3

Insurers’ Rehabilitation and Liquidation Act

27-14.3-1Short title — Construction — Purpose 27-14.3-2Applicability 27-14.3-3Definitions 27-14.3-4Jurisdiction and venue 27-14.3-5Injunctions and orders 27-14.3-6Cooperation of officers, owners, and employees 27-14.3-7RepealedRepealed 27-14.3-8Condition on release from delinquency proceedings 27-14.3-9Immunity and indemnification of the receiver and employees 27-14.3-10Court’s seizure order 27-14.3-11Commencement of formal delinquency proceeding 27-14.3-12Return of summons and summary hearing 27-14.3-13Proceedings for expedited trial — Continuances, discovery, and evidence 27-14.3-14Decision and appeals 27-14.3-15Confidentiality of hearings 27-14.3-16Grounds for rehabilitation 27-14.3-17Rehabilitation order 27-14.3-18Powers and duties of rehabilitator 27-14.3-19Actions by and against rehabilitator 27-14.3-20Termination of rehabilitation 27-14.3-21Grounds for liquidation 27-14.3-22Liquidation orders 27-14.3-22.1Grounds for rehabilitation or liquidation of a domestic company that is a covered financial company under Dodd-Frank Wall Street Reform and Consumer Protection Act 27-14.3-23Continuance of coverage 27-14.3-24Dissolution of insurer 27-14.3-25Powers of liquidator 27-14.3-26Notice to creditors and others 27-14.3-27Duties of agents or insurance producers 27-14.3-28Actions by and against liquidator 27-14.3-29Collection and list of assets 27-14.3-30Fraudulent transfers prior to petition 27-14.3-31Fraudulent transfer after petition 27-14.3-32Voidable preferences and liens 27-14.3-33Claims of holders of void or voidable rights 27-14.3-34Setoffs 27-14.3-35Assessments 27-14.3-36Reinsurer’s liability 27-14.3-37Recovery of premiums owed 27-14.3-38Domiciliary liquidator’s proposal to distribute assets 27-14.3-39Filing of claims 27-14.3-40Proof of claim 27-14.3-41Special claims 27-14.3-42Special provisions for third-party claims 27-14.3-43Disputed claims 27-14.3-44Claims of surety 27-14.3-45Secured creditor’s claims 27-14.3-46Priority of distribution 27-14.3-46.1Insurer assessments 27-14.3-47Liquidator’s recommendations to the court 27-14.3-48Distribution of assets 27-14.3-49Unclaimed and withheld funds 27-14.3-50Termination of proceedings 27-14.3-51Reopening liquidation 27-14.3-52Disposition of records during and after termination of liquidation 27-14.3-53External audit of receiver’s books 27-14.3-54Conservation of property of foreign or alien insurers found in this state 27-14.3-55Liquidation of property of foreign or alien insurers found in this state 27-14.3-56Domiciliary liquidators in other states 27-14.3-57Ancillary formal proceedings 27-14.3-58Ancillary summary proceedings 27-14.3-59Claims of nonresidents against insurers domiciled in this state 27-14.3-60Claims of residents against insurers domiciled in reciprocal states 27-14.3-61Attachment, garnishment, and levy of execution 27-14.3-62Interstate priorities 27-14.3-63Subordination of claims for noncooperation 27-14.3-64Severability 27-14.3-65Rules and regulations