TITLE 27
Insurance
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.)