Part 3 - Formal Proceedings

Part 3 - Formal Proceedings

§ 56-9-301. Rehabilitation of insurers -- Grounds for filing petition.
§ 56-9-302. Order to rehabilitate business of insurer -- Effect.
§ 56-9-303. Rehabilitator -- Duties and authority.
§ 56-9-304. Rehabilitation order -- Stay of pending action or proceeding -- Tolling of statute of limitations -- Laches unavailable -- Standing -- Federal home loan bank.
§ 56-9-305. Order of liquidation -- Termination of rehabilitation.
§ 56-9-306. Grounds for order of liquidation.
§ 56-9-307. Order of liquidation -- Effect -- Declaration of insolvency -- Financial reports -- Appeal pendency plan.
§ 56-9-308. Liquidation order -- Continuation or termination of insurance policies.
§ 56-9-309. Liquidation of insurer -- Dissolution of corporate existence.
§ 56-9-310. Powers and authority of liquidator.
§ 56-9-311. Notice of liquidation order -- Method -- Contents -- Effect of notice.
§ 56-9-312. Notice of liquidation order -- Response by agents of insurer -- Penalty for failure to respond.
§ 56-9-313. Effect of issuance of order appointing liquidator -- Statute of limitation and laches -- Standing.
§ 56-9-314. List of insurer's assets -- Where filed -- Liquidation of assets.
§ 56-9-315. Fraudulent transfers -- Effect -- When transfer made.
§ 56-9-316. Transfers of property after filing of petition for rehabilitation or liquidation -- Effect.
§ 56-9-317. Preferences -- Definition -- Avoidance by liquidator -- When transfer is made or perfected -- Liens -- Jurisdiction of chancery court -- Preferences in favor of attorneys or insiders of insurer -- Federal home loan bank.
§ 56-9-318. Claims of creditors.
§ 56-9-319. Mutual debts and credits -- When offset allowed.
§ 56-9-320. Assessment -- Liquidator to make report to court -- Levy of assessment on members of insurer -- Enforcement.
§ 56-9-321. Obligation to pay earned premiums to insurer -- Penalties for failure to pay -- Proceedings to collect unpaid premiums -- Appeal from proceedings -- Limitations on claims of insurer against insured.
§ 56-9-322. Liquidator's proposal to disburse assets -- Required provisions of proposal -- Application to court for approval of proposal -- Notice of application.
§ 56-9-323. Proof of claims -- When filed -- Late filings.
§ 56-9-324. Proof of claim -- Form -- Information to be included in form.
§ 56-9-325. Contingent claims -- Claims made under employment contracts.
§ 56-9-326. Third party actions against insureds -- Claims by insured -- Allowance of claim by insured -- Multiple claims under one policy.
§ 56-9-327. Denial of claim by liquidator -- Notice -- Hearing -- Final disposition -- Rules of procedure.
§ 56-9-328. Claims of creditors secured by undertakings of other persons.
§ 56-9-329. Valuation of security held by secured creditors.
§ 56-9-330. Distribution of claims -- Priority.
§ 56-9-331. Liquidator's report on claims -- Review of report by court -- When liquidator may treat claims as allowed.
§ 56-9-332. Payment of distributions by liquidator.
§ 56-9-333. Unclaimed funds -- Disposition.
§ 56-9-334. Application for order of discharge.
§ 56-9-335. Post-liquidation and discharge proceedings.
§ 56-9-336. Records of insurer.
§ 56-9-337. Books of receivership -- Audit.
§ 56-9-338. Netting agreements and qualified financial contracts with insurers.
§ 56-9-339. Federal home loan bank's secured claim on insurer subject to delinquency proceeding.

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