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Minnesota State Department of Insurance Insurance Statutes Insurance Regulations http://www.state.mn.us/port al/mn/jsp/home.do?agency= Insurance https://www.revisor.leg.state .mn.us/statutes/?view=part &start=59A&close=79A Mississippi http://www.mid.state.ms.us http://www.sos.state.ms.us/ ed_pubs/MSCode/ Missouri http://www.insurance.mo.go v http://www.insurance.mo.go v/laws/index.htm Montana http://www.sao.state.mt.us/ http://data.opi.mt.gov/bills/m ca_toc/33.htm Nebraska http://www.doi.ne.gov http://uniweb.legislature.ne. gov/laws/browsechapters.php?chapter=44 Nevada http://doi.state.nv.us http://www.leg.state.nv.us/N RS/Index.cfm New Hampshire http://www.nh.gov/insuranc e http://www.gencourt.state.n h.us/rsa/html/NHTOC/NHT OC-XXXVII.htm https://www.revisor.leg.state .mn.us/rules/?view=list http://www.mid.state.ms.us/ pages/regulations.aspx http://www.insurance.mo.go v/laws/index.htm http://www.mtrules.org/gate way/ChapterHome.asp?Ch apter=6.6 http://www.sos.ne.gov/rules -andregs/regsearch/Rules/index. cgi?l=Insurance_Dept_of&t =Title-210 http://www.leg.state.nv.us/N AC/CHAPTERS.HTML http://www.gencourt.state.n h.us/rules/ins.html
New Jersey New Mexico State Department of Insurance Insurance Statutes Insurance Regulations http://www.state.nj.us/dobi/d ivision_insurance/index.htm http://www.nmprc.state.nm. us/id.htm http://lis.njleg.state.nj.us/cgi - bin/om_isapi.dll?clientID=15 4197&depth=2&expandhea dings=off&headingswithhits =on&infobase=statutes.nfo &softpage=TOC_Frame_Pg 42 http://www.nmprc.state.nm. us/statutes/CHAPTER59A_I NSURANCE.pdf New York http://www.ins.state.ny.us http://public.leginfo.state.ny. us/menugetf.cgi?COMMON QUERY=LAWS North Carolina http://www.ncdoi.com http://www.ncga.state.nc.us/ gascripts/Statutes/StatutesT OC.pl?Chapter=0058 North Dakota http://www.nd.gov/ndins http://www.legis.nd.gov/cen code/t261.html Ohio http://www.ohioinsurance.g ov http://codes.ohio.gov/orc/39 Oklahoma http://www.ok.gov/oid http://www.ok.gov/oid/News _and_Events/Notices/Statut es_and_Rules/index.html http://www.michie.com/newj ersey/lpext.dll?f=templates& fn=main-h.htm&cp= http://www.nmcpr.state.nm. us/nmac/_title13/title13.htm http://www.ins.state.ny.us/re gclinx.htm http://reports.oah.state.nc.u s/ncac.asp?folderName=\Tit le%2011%20- %20Insurance http://www.legis.nd.gov/infor mation/acdata/html/Title45. html http://codes.ohio.gov/oac/39 01 http://www.ok.gov/oid/News _and_Events/Notices/Statut es_and_Rules/index.html
Page 1 and 2:
REFERENCE HANDBOOK ON INSURANCE COM
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Contributing Editors Cross‐Border
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Formal Proceedings ‐ Constitution
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Priorities ‐ Interstate Claimants
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Part III PART IV APPENDIX D. Bermud
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Rhode Island Statutes TITLE 27 Insu
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(17) "Policyholder" means an insure
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(3) All creditors, assumption polic
Page 178 and 179:
(2) If, at any time, the conditions
Page 180 and 181:
Run‐Off New York Seaton Ins. Co.
Page 182 and 183:
as writs of seizure, were necessary
Page 184 and 185:
Igel v. Phillips, 183 A.D. 220, 169
Page 186 and 187:
wind up its affairs, even if the no
Page 188 and 189:
insolvency, including the issue of
Page 190 and 191:
over action would: (i) defeat domic
Page 192 and 193:
the Commissioner of Insurance on be
Page 194 and 195:
Sixth Circuit AmSouth Bank v. Dale,
Page 196 and 197:
action did not automatically preclu
Page 198 and 199:
proceedings. The New York insurance
Page 200 and 201:
independent receivership proceeding
Page 202 and 203:
Connecticut Florida Grasso v. City
Page 204 and 205:
instance, because the regulation of
Page 206 and 207:
company filed a motion for declarat
Page 208 and 209:
Commissioner of Ins. v. Mid‐Ameri
Page 210 and 211:
district court had exclusive jurisd
Page 212 and 213:
SEC v. Republic National Life Ins.
Page 214 and 215:
legislature granted exclusive juris
Page 216 and 217:
Rejecting the liquidator's motion,
Page 218 and 219:
time as an administrative claim had
Page 220 and 221:
mandate application of Florida's in
Page 222 and 223:
This simple declarative sentence pr
Page 224 and 225:
its earlier holding [Bonura v. Unit
Page 226 and 227:
In re Application for an Order Stay
Page 228 and 229:
to prosecution of claims against hi
Page 230 and 231:
were closely intertwined, the entir
Page 232 and 233:
South Carolina Texas New South Life
Page 234 and 235:
the insurance code. The trial court
Page 236 and 237:
within the meaning of the insurance
Page 238 and 239:
was overbroad in delaying indefinit
Page 240 and 241:
financial institutions to transfer
Page 242 and 243:
entities were in fact a "single bus
Page 244 and 245:
the company in that other state to
Page 246 and 247:
easoning that: 1) its earlier findi
Page 248 and 249:
McConnell v. All‐Coverage Insuran
Page 250 and 251:
company. The court also found that
Page 252 and 253:
impermissible because they were not
Page 254 and 255:
contrary appellate court judgment,
Page 256 and 257:
exhaust the pro rata shares of solv
Page 258 and 259:
asserted a priority despite the fac
Page 260 and 261:
The question presented was whether
Page 262 and 263:
Cir. 2000). The Ninth Circuit adopt
Page 264 and 265:
entity with those conferred or with
Page 266 and 267:
Pennsylvania court had exclusive ju
Page 268 and 269:
liquidator argued that Ohio’s sta
Page 270 and 271:
Vermont Costle v. Fremont Indemnity
Page 272 and 273:
(“Munich”) and NAC Reinsurance
Page 274 and 275:
Pine Top Ins. Co. v. Continental Re
Page 276 and 277:
incapable of being performed," foun
Page 278:
completion of the plan of arbitrati
Page 281 and 282:
the policy make specific provision
Page 283 and 284:
the catastrophe policy prevents “
Page 285 and 286:
sought only money damages. 3 Hence,
Page 287 and 288:
Commissioner has reasonable grounds
Page 289 and 290:
policyholders were brought against
Page 291 and 292:
a supervision‐release order for a
Page 293 and 294:
secure a court‐ordered receiversh
Page 295 and 296:
no liability exists for any acts ta
Page 297 and 298:
stay of any proceeding in which an
Page 299 and 300:
Fields v. Fidelity General Ins. Co.
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Illinois insurance code is vested i
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Michigan Daniel v. Citizens' Mutual
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appointment of a receiver to wind u
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independent actuarial firm, and all
Page 309 and 310:
owned by one corporation, proposed
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den'd, 126 N.J. 389 (1991). The cou
Page 313 and 314:
constitutional the statute under wh
Page 315 and 316:
The circuit judge's denial of plain
Page 317 and 318:
duplication provision of the PPCIGA
Page 319 and 320:
New York National Union Fire Ins. C
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insurance companies pursuant to sta
Page 323 and 324:
Matter of Morgan, 277 N.Y. 203, 14
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Alabama Arizona California Moody v.
Page 327 and 328:
Schenek v. Citizens Casualty Co., 6
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disclosed in its annual statement.
Page 331 and 332:
insurance company, the court held t
Page 333 and 334:
Pennsylvania's interest in investig
Page 335 and 336:
Pennsylvania Commonwealth ex rel. C
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non‐mandatory preference for the
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Powers and Duties of the Rehabilita
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the insolvency clause of a reinsura
Page 343 and 344:
Financial Indemnity Company v. Supe
Page 345 and 346:
ecause they had constructive notice
Page 347 and 348:
Illinois law does not provide the D
Page 349 and 350:
claimed. Although the code allows t
Page 351 and 352:
040(3)(a) or 304‐33.190(2). Rathe
Page 353 and 354:
to the state's unemployment compens
Page 355 and 356:
State ex rel. ISC Financial Corp. v
Page 357 and 358:
authorizing the Liquidator to prope
Page 359 and 360:
implement the statutory liquidation
Page 361 and 362:
that trust claimants will recover a
Page 363 and 364:
showing that the rehabilitator’s
Page 365 and 366:
insurer, sued former owner of insur
Page 367 and 368:
Brainard v. Foster, Civil Action No
Page 369 and 370:
Flowers v. Tennessee Trucking Ass
Page 371 and 372:
the insurer under Texas law; and th
Page 373 and 374:
state court against B.C. Rogers, an
Page 375 and 376:
People ex rel. Baylor v. Multi‐St
Page 377 and 378:
equiring the insurer to produce doc
Page 379 and 380:
failed to demonstrate to the contra
Page 381 and 382:
intervention. It is not an abuse of
Page 383 and 384:
eview the actions of the insurance
Page 385 and 386:
not reported losses (IBNR). The Sup
Page 387 and 388:
Commonwealth tort claims against th
Page 389 and 390:
Liquidation Act. On a petition for
Page 391 and 392:
defendant to bring the action to th
Page 393 and 394:
Main Ins. Co. v. Bradford, Williams
Page 395 and 396:
proceedings against an insolvent Ne
Page 397 and 398:
Matter of Title, Etc., Co. of Buffa
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the R.C. 3955.19 stay provision as
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Casualty Insurance Guaranty Associa
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property without a hearing. The Cou
Page 405 and 406:
consent of the liquidators, the bro
Page 407 and 408:
ecording of an order of liquidation
Page 409 and 410:
Florida Imagine Ins. Co. v. State o
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executory contracts, and the insure
Page 413 and 414:
procured new policies in a solvent
Page 415 and 416:
Safeway liable for the entire amoun
Page 417 and 418:
even lower interest rate than that
Page 419 and 420:
North Carolina Texas North Carolina
Page 421 and 422:
an individual and official capacity
Page 423 and 424:
enterprise with United States Gener
Page 425 and 426:
were not ultra vires acts. There we
Page 427 and 428:
authorized by state law to petition
Page 429 and 430:
Stamp v. Touche Ross & Co., 263 Ill
Page 431 and 432:
control, or possession of the insur
Page 433 and 434:
offers to compromise because severa
Page 435 and 436:
insolvent insurer brought an action
Page 437 and 438:
"interested parties" in a proceedin
Page 439 and 440:
Assets of the Insolvent Insurer's E
Page 441 and 442:
Garamendi v. SDI Vendome, No. CV 02
Page 443 and 444:
for personal injury claim brought a
Page 445 and 446:
transacting any insurance business
Page 447 and 448:
Bent v. Hart, 10 Mo. App. 143 (1881
Page 449 and 450:
discretion allowed policyholders to
Page 451 and 452:
In re New State Life Ins. Co., 23 P
Page 453 and 454:
ecover a subscription fund executed
Page 455 and 456:
Pursuant to D.C. Code Ann. § 35‐
Page 457 and 458:
ecause all the directors of the dis
Page 459 and 460:
agree on whether Kentucky statutory
Page 461 and 462:
W. J. Jones & Son v. Independence I
Page 463 and 464:
precluding liquidator's avoidance o
Page 465 and 466:
association's directors for monies
Page 467 and 468:
a Transit insured. Fifteen months l
Page 469 and 470:
court granted the motion. On appeal
Page 471 and 472:
unearned portion of the premium was
Page 473 and 474:
the insolvent Mission Insurance Com
Page 475 and 476:
Drake v. Rollo, 7 Fed. Cas. Pg. 105
Page 477 and 478:
judge to act as presiding judge ove
Page 479 and 480:
$25,000 compromise would be paid to
Page 481 and 482:
express purpose is to avoid financi
Page 483 and 484:
einsurance contract against moneys
Page 485 and 486:
provision and therefore its ruling
Page 487 and 488:
complaint, the defendants would not
Page 489 and 490:
as an offset against the insolvent
Page 491 and 492:
Swiss Re made payments to Protectiv
Page 493 and 494:
directors were not included in that
Page 495 and 496:
purported rescission by the company
Page 497 and 498:
members. The court further held tha
Page 499 and 500:
instituting of the receivership pro
Page 501 and 502:
would prevent a multiplicity of act
Page 503 and 504:
assessments against members of a do
Page 505 and 506:
Richards v. Hale, 14 O.C.D. 468, 1
Page 507 and 508:
Wetmore v. Scalf, 85 S.C. 285, 67 S
Page 509 and 510:
mutual insurance company because Wi
Page 511 and 512:
out liquidation assessment powers i
Page 513 and 514:
their insurer became insolvent. Any
Page 515 and 516:
insolvent carrier, sought to interp
Page 517 and 518:
The Home Insurance Co. v. Hooper, 2
Page 519 and 520:
coverage. The court held that cover
Page 521 and 522:
insurance, and that Mission was not
Page 523 and 524:
contract. Further, as the parties t
Page 525 and 526:
agreement. The Colorado receiver cl
Page 527 and 528:
preliquidation assets that could be
Page 529 and 530:
agreements with Legion Insurance Co
Page 531 and 532:
prediction, and was neither arbitra
Page 533 and 534:
Guaranty Association (“PPCIGA”)
Page 535 and 536:
contrary holding would permit these
Page 537 and 538:
People ex rel. Bolton v. Progressiv
Page 539 and 540:
where the solvency of the company,
Page 541 and 542:
agent of all premiums collected by
Page 543 and 544:
subsequent to institution of delinq
Page 545 and 546:
corporate mismanagement and account
Page 547 and 548:
Mendel v. Garner, 283 Ark. 473, 678
Page 549 and 550:
The lower court denied the claim be
Page 551 and 552:
definition, a “covered claim,”
Page 553 and 554:
Missouri MSEJ, LLC, v. Transit Cas.
Page 555 and 556:
medical malpractice action, which i
Page 557 and 558:
Suit was transferred to the court o
Page 559 and 560:
within policy limits. The insolvent
Page 561 and 562:
alleged negligence of an insured of
Page 563 and 564:
Arkansas Colorado Florida Baldwin
Page 565 and 566:
liquidator was entitled to rely upo
Page 567 and 568:
Ohio Covington v. Ind. Dep’t of N
Page 569 and 570:
River abstention doctrines did not
Page 571 and 572:
directly against manufacturer. The
Page 573 and 574:
insurance commissioner entered into
Page 575 and 576:
un ten months and twenty‐six days
Page 577 and 578:
policies were delivered, the state
Page 579 and 580:
Accordingly, the manufacturer sough
Page 581 and 582:
Sizemore v. United Physicians Ins.
Page 583 and 584:
insolvency. The court found for pla
Page 585 and 586:
equires all claims against the rece
Page 587 and 588:
cancelled by order of the court, th
Page 589 and 590:
Dewey v. Davis, 82 Wis. 500, N.W. 7
Page 591 and 592:
April 18, the filing of the Missour
Page 593 and 594:
Texas Buckner v. Lloyd's Ins. Co. o
Page 595 and 596:
payment by the California Insurance
Page 597 and 598:
the tortfeasors to recover its paym
Page 599 and 600:
Ga. App. 660, 440 S.E.2d 254 (1994)
Page 601 and 602:
Act. The Court also noted that whet
Page 603 and 604:
opportunity to settle.” The court
Page 605 and 606:
jurisdictions that did find associa
Page 607 and 608:
Ohio Lake Hospital System, Inc. v.
Page 609 and 610:
award. It became insolvent, however
Page 611 and 612:
Rhulen advanced claim payments to T
Page 613 and 614:
entitled to coverage from the Illin
Page 615 and 616:
the negligence claim, brought by th
Page 617 and 618:
insurer did not thereby release fro
Page 619 and 620:
when contingent claims must necessa
Page 621 and 622:
In Matter of Liquidation Of Integri
Page 623 and 624:
from the time damages are certain o
Page 625 and 626:
In re N.Y. Surety Co., 723 N.Y.S.2d
Page 627 and 628:
Governmental/Superpriority Claims S
Page 629 and 630:
Reliance Ins. Co. v. Shriver, Inc.,
Page 631 and 632:
Georgia Boyd v. Wright, 148 Ga. 216
Page 633 and 634:
policyholders, judgment creditors o
Page 635 and 636:
when it appears that such funds or
Page 637 and 638:
within the insurance statutes. Cred
Page 639 and 640:
Priorities ‐ Federal U.S. Supreme
Page 641 and 642:
statute was preempted by the federa
Page 643 and 644:
instituting or taking further actio
Page 645 and 646:
Florida Dilme v. SBP Serv., Inc. an
Page 647 and 648:
Massachusetts Commissioner of Insur
Page 649 and 650:
New York Finkelstein v. Van Schaick
Page 651 and 652:
Texas Op. Att'y. Gen. WW‐795 (Tex
Page 653 and 654:
Illinois People ex rel. Potts v. Co
Page 655 and 656:
Arizona Colorado State ex rel. Low
Page 657 and 658:
equirements had not been complied w
Page 659 and 660:
Michigan Commissioner of Insurance
Page 661 and 662:
commissioner certain securities for
Page 663 and 664:
State ex rel. Cincinnati Life Assn'
Page 665 and 666:
and without assets in trust in Flor
Page 667 and 668:
State ex rel. Burgess v. Crabbe, 11
Page 669 and 670:
jurisdiction over the attorneys in
Page 671 and 672:
Pennsylvania Lewycka v. Springfield
Page 673 and 674:
meaning, held that the Indiana clai
Page 675 and 676:
Rose v. Fid. Mut'l Life Ins. Co., 2
Page 677 and 678:
uniform law or that it was necessar
Page 679 and 680:
of incorporation of a mutual insure
Page 681 and 682:
jurisdiction over that litigation f
Page 683 and 684:
ehabilitation in Indiana and had ob
Page 685 and 686:
Krueger v. Tabor, 546 So.2d 1317 (L
Page 687 and 688:
and, because of the guarantees, for
Page 689 and 690:
Rhode Island injunction by arguing
Page 691 and 692:
In prior proceedings in this case,
Page 693 and 694:
state law issues and was contingent
Page 695 and 696:
Bryant v. Shields, Britton & Fraser
Page 697 and 698:
against the Wisconsin Insurance Sec
Page 699 and 700:
PART II Cross‐Border Run‐Offs a
Page 701 and 702:
CASE(S) Highland Insurance Company
Page 703 and 704:
CASE(S) Hatteras Reinsurance Ltd NR
Page 705 and 706:
• The Court in which the Chapter
Page 707 and 708:
As previously noted, of the sevente
Page 709 and 710:
WFUM Pool Solvent Schemes ~ In re G
Page 711 and 712:
arrangement, including solvent run
Page 713 and 714:
5. Chapter 15 ~ Official Text 1501.
Page 715 and 716:
(d) §1502. Definitions. (2) an ind
Page 717 and 718:
(c) (d) A request for comity or coo
Page 719 and 720:
(a) (b) If the decision or certific
Page 721 and 722:
§1521. Relief that may be granted
Page 723 and 724:
(4) approval or implementation of a
Page 725 and 726:
B. United Kingdom ‐‐ The Positi
Page 727 and 728:
1. majority votes in favour of the
Page 729 and 730:
eported claims, was not of great im
Page 731 and 732:
and Jersey. The English schemes wou
Page 733 and 734:
Life Assurance Limited (FPLLA) both
Page 735 and 736:
MB Group Plc, Re (1989) 5 B.C.C. 68
Page 737 and 738:
issued a third circular which state
Page 739 and 740:
court had jurisdiction to sanction
Page 741 and 742:
The Judge (Roger Kaye Q.C.) allowed
Page 743 and 744:
the agreement would not be avoided
Page 745 and 746:
submitted that cover had been provi
Page 747 and 748:
liquidators and in the English bank
Page 749 and 750:
court did not strike out the petiti
Page 751 and 752:
Stein so that he could pursue it. B
Page 753 and 754:
Part III of the Winding‐up and Re
Page 755 and 756:
v. Proceedings in Canada to Assist
Page 757 and 758:
D. Bermuda ‐‐ The Bermuda Persp
Page 759:
Hong Kong Court to restructure the
Page 791 and 792:
Excluded Lines - Ocean Marine Louis
Page 793 and 794:
Covered Claim - Unearned Premium co
Page 795 and 796:
Oregon Corvallis Aero Service, Inc.
Page 797 and 798:
purposes of joint and several liabi
Page 799 and 800:
Affiliated FM Ins. Co. v. State, 33
Page 801 and 802:
Heninger v. Riley, 317 Pa. Super. 5
Page 803 and 804:
assumed the obligations of Dr. Lucc
Page 805 and 806:
Florida Hawaii Fernandez v. Florida
Page 859 and 860: Case Law Digest Supplement LIFE & H
Page 861 and 862: Texas Messagephone, Inc., et al v.
Page 863 and 864: were invested in four group annuity
Page 865 and 866: Alaska Arizona Illinois Unisys Corp
Page 867 and 868: Minnesota Honeywell, Inc. v. Minnes
Page 869 and 870: plan participants rather than the G
Page 871 and 872: esponsible for attorneys’ fees an
Page 873 and 874: Alaska Arizona Indiana Unisys Corp.
Page 875 and 876: Federal Jurisdiction - Preemption c
Page 877 and 878: Supreme Court California New York U
Page 879 and 880: Assessments Assessments - In Genera
Page 881 and 882: the sales transaction is not uncons
Page 883 and 884: State Department of Insurance Insur
Page 885: Kentucky State Department of Insura
Page 889 and 890: Virginia Washington State Departmen
Page 891 and 892: © 2009 National Association of Ins
Page 893 and 894: CO Marcy Morrison Commissioner (Wes
Page 895 and 896: KS Sandy Praeger Commissioner NAIC
Page 897 and 898: NH Roger A. Sevigny Commissioner NA
Page 899 and 900: TN Leslie A. Newman Commissioner (V
Page 901 and 902: NAIC OFFICES NAIC Central Office: 2
Page 903 and 904: GUARANTY FUND DIRECTORY Updated 02/
Page 921 and 922: nolhga.com :: state ga contact info
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