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Session Laws, 1996
Volume 794, Page 282   View pdf image
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Ch. 11                                          1996 LAWS OF MARYLAND

(1)      IN A DELINQUENCY PROCEEDING COMMENCED IN THIS STATE
AGAINST A DOMESTIC INSURER, A CLAIMANT WHO RESIDES IN A RECIPROCAL
STATE MAY FILE A CLAIM WITH:

(I)       ANY ANCILLARY RECEIVER IN THE RECIPROCAL STATE; OR

(II)     THE DOMICILIARY RECEIVER.

(2)      EACH CLAIM FILED UNDER THIS SUBSECTION MUST BE FILED ON OR
BEFORE THE LAST DATE SET FOR THE FILING OF CLAIMS IN THE DELINQUENCY
PROCEEDING IN THE DOMICILIARY STATE.

(3)      A CONTROVERTED CLAIM OF A CLAIMANT WHO RESIDES IN A
RECIPROCAL STATE MAY BE PROVED:

(I)       IN THIS STATE; OR

(II)     IF AN ANCILLARY PROCEEDING HAS BEEN COMMENCED IN
THE RECIPROCAL STATE, IN THE ANCILLARY PROCEEDING.

(4)      IF THE CLAIMANT ELECTS TO PROVE A CLAIM IN THE ANCILLARY
PROCEEDING, AND IF THE SAME NOTICE AND OPPORTUNITY TO BE HEARD IS GIVEN
THE DOMICILIARY RECEIVER OF THIS STATE AS IS PROVIDED UNDER SUBSECTION
(G) OF THIS SECTION FOR AN ANCILLARY PROCEEDING IN THIS STATE, THE FINAL
ALLOWANCE OF THE CLAIM BY THE COURTS OF THE ANCILLARY STATE SHALL BE
ACCEPTED IN THIS STATE AS CONCLUSIVE AS TO:

(I)       THE AMOUNT OF THE CLAIM; AND

(II)     ANY PRIORITY OF THE CLAIM AGAINST SPECIAL DEPOSITS OR
OTHER SECURITY LOCATED IN THE ANCILLARY STATE.

(G) CLAIMS OF RESIDENTS AGAINST INSURERS DOMICILED IN RECIPROCAL
STATE.

(1)      IN A DELINQUENCY PROCEEDING IN A RECIPROCAL STATE AGAINST
AN INSURER DOMICILED IN THAT STATE, A CLAIMANT WHO RESIDES IN THIS STATE
MAY FILE A CLAIM WITH:

(I)      ANY ANCILLARY RECEIVER APPOINTED IN THIS STATE; OR

(II)     THE DOMICILIARY RECEIVER.

(2)      EACH CLAIM FILED UNDER THIS SUBSECTION MUST BE FILED ON OR
BEFORE THE LAST DATE SET FOR THE FILING OF CLAIMS IN THE DELINQUENCY
PROCEEDING IN THE DOMICILIARY STATE.

(3)      A CONTROVERTED CLAIM OF A CLAIMANT WHO RESIDES IN THIS
STATE MAY BE PROVED:

(I) IN THE DOMICILIARY STATE, AS PROVIDED BY THE LAW OF
THE DOMICILIARY STATE; OR

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Session Laws, 1996
Volume 794, Page 282   View pdf image
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