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§27-14.3-29  Collection and list of assets. –

Published: 2015

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CHAPTER 27-14.3

Insurers' Rehabilitation and Liquidation Act

SECTION 27-14.3-29

   § 27-14.3-29  Collection and list of

assets. –

(a) As soon as practicable after the liquidation order but not later than one

hundred twenty (120) days after this, the liquidator shall prepare in duplicate

a list of the insurer's assets. The list shall be amended or supplemented as

the liquidator may determine. One copy shall be filed in the office of the

clerk of the superior court for the county of Providence and one copy shall be

retained for the liquidator's files. All amendments and supplements shall be

similarly filed.

   (b) The liquidator shall reduce the assets to a degree of

liquidity that is consistent with the effective execution of the liquidation.

   (c) A submission to the court for disbursement of assets in

accordance with § 27-14.3-38 fulfills the requirements of subsection (a)

of this section.

History of Section.

(P.L. 1993, ch. 248, § 1.)