Utah Code 31A-27a-608. Liquidator’s recommendations to the receivership court

31A-27a-608. Liquidator’s recommendations to the receivership court.

(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.

(a)	is doing, has done, purports to do, or is licensed to do the business of insurance;

(b)	is or has been subject to the authority of, or to rehabilitation, liquidation, reorganization, supervision, or conservation by an insurance commissioner; or

(c)

receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102

receivership court: refers to the court in which a delinquency proceeding is pending. See Utah Code 31A-27a-102

(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.

Amended by Chapter 319, 2018 General Session