PocketLaw | Vermont Statutes | Supervision, Rehabilitation, And

Supervision, Rehabilitation, And Liquidation Of Insurers

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Definitions

Jurisdiction and venue

Injunctions and orders

Cooperation of officers, owners, and employees

Continuation of delinquency proceedings

Condition on release from delinquency proceedings

Commissioner's summary orders and supervision proceedings

Court's seizure order

Confidentiality of hearings

Grounds for rehabilitation

Rehabilitation orders

Powers and duties of the rehabilitator

Actions by and against rehabilitator

Termination of rehabilitation

Grounds for liquidation

Liquidation orders

Continuance of coverage

Dissolution of insurer

Powers of liquidator

Notice to creditors and others

Duties of agents

Actions by and against liquidator

Collection and list of assets

Fraudulent transfers prior to petition

Fraudulent transfer after petition

Voidable preferences and liens

Claims of holders of void or voidable rights

Setoffs

Assessments

Reinsurer's liability

Recovery of premiums owed

Domiciliary liquidator's proposal to distribute assets

Filing of claims

Proof of claim

Special claims

Special provisions for third party claims

Disputed claims

Claims of surety

Secured creditor's claims

Priority of distribution

Liquidator's recommendations to the Court

Distribution of assets

Unclaimed and withheld funds

Termination of proceedings

Reopening liquidation

Disposition of records during and after termination of liquidation

External audit of the receiver's books

Conservation of property of foreign or alien insurers found in this State

Liquidation of property of foreign or alien insurers found in this State

Domiciliary liquidators in other states

Ancillary formal proceedings

Ancillary summary proceedings

Claims of nonresidents against insurers domiciled in this State

Claims of residents against insurers domiciled in reciprocal states

Attachment, garnishment and levy of execution

Interstate priorities

Subordination of claims for noncooperation