2010 Georgia Code 33-37-54 Case Law
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One Click Case Law for § 33-37-54
O.C.G.A. § 33-37-53 <-- --> O.C.G.A. §33-37-55



2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 37 - INSURERS REHABILITATION AND LIQUIDATION
ARTICLE 4 - LIQUIDATION PROCEEDINGS
§ 33-37-54 - Rights of nonresident claimants in proceeding against domiciliary insurer

O.C.G.A. 33-37-54 (2010)
33-37-54. Rights of nonresident claimants in proceeding against domiciliary insurer


(a) In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in this state, 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 must be filed on or before the last date fixed for the filing of claims in the domiciliary liquidation proceeding.

(b) Claims belonging to claimants residing in reciprocal states may be proved either in the liquidation proceeding in this state as provided in this chapter or in ancillary proceedings, if any, in the reciprocal states. If notice of the claims and opportunity to appear and be heard is afforded the domiciliary liquidator of this state as provided in subsection (b) of Code Section 33-37-55 with respect to ancillary proceedings, the final allowance of claims by the courts in ancillary proceedings in reciprocal states shall be conclusive as to amount and as to priority against special deposits or other security located in such ancillary states, but shall not be conclusive with respect to priorities against general assets under Code Section 33-37-41.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com