§4377. Time to file claims

Link to law: http://legislature.maine.gov/legis/statutes/24-A/title24-Asec4377.html
Published: 2015

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§4377. Time to file claims

If upon the entry of an order of liquidation under this chapter or at any time thereafter
during liquidation proceedings the insurer is not clearly solvent, the court shall,
upon hearing after such notice as it deems proper, make and enter an order adjudging
the insurer to be solvent.

1969, c. 132, §1 (NEW)

After the entry of the order of insolvency, regardless of any prior notice that
may have been given to creditors, the superintendent shall notify all persons who
may have claims against the insurer to file such claims with him, at a place and within
the time specified in the notice, or that such claims shall be forever barred. The
time specified in the notice shall be as fixed by the court for filing of claims and
which shall be not less than 6 months after the entry of the order of insolvency.
The notice shall be given in such manner and for such reasonable period of time as
may be ordered by the court.

1973, c. 585, §12 (AMD)


1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).