The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
INTERSTATE RELATIONS
(Cite as: 8 V.S.A. § 7096)
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§ 7096. Claims of nonresidents against insurers domiciled in this State
(a) In a liquidation proceeding begun in this State against an insurer domiciled in this
State, claimants residing in foreign countries or in states not reciprocal states
must file claims in this State, and claimants residing in reciprocal states may file
claims either with the ancillary receivers, if any, in their respective states, or
with the domiciliary liquidator. Claims must be filed on or before the last date fixed
for the filing of claims in the domiciliary liquidation proceeding.
(b) Claims belonging to claimants residing in reciprocal states may be proved either in
the liquidation proceeding in this State as provided in this chapter, or in ancillary
proceedings, if any, in the reciprocal states. If notice of the claims and opportunity
to appear and be heard is afforded the domiciliary liquidator of this State as provided
in subsection 7097(b) of this title with respect to ancillary proceedings, the final allowance of claims by the courts
in ancillary proceedings in reciprocal states shall be conclusive as to amount and
as to priority against special deposits or other security located in such ancillary
states, but shall not be conclusive with respect to priorities against general assets
under section 7081 of this title. (Added 1991, No. 45, § 2, eff. May 29, 1991.)