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Utah Code Title 31A. Insurance Code § 31A-27a-608. Liquidator's recommendations to the receivership court

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The liquidator shall, from time to time as determined by the liquidator, present to the receivership court for approval, reports of claims settled or determined by the liquidator under Section 31A-27a-603.

(2) A report required by this section shall include information identifying:

(a) the claim;

(b) the amount of the claim; and

(c) the priority class of the claim.

(3)(a) A claim included in a report described in this section and approved by the receivership court is a liability of the estate.

(b) An insurer's insolvency does not affect the amount of a liability described in Subsection (3)(a), regardless of any provision in an agreement to the contrary.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-27a-608. Liquidator's recommendations to the receivership court - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-27a-608/

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