| SB 0896 | Changes Order of Payments By Dissolved Insurers |
| Sponsor: | CURLS | ||
| LR Number: | S3400.03T | Fiscal Note: | 3400-03 |
| Committee: | Insurance and Housing | ||
| Last Action: | 05/08/96 - Signed by Governor | ||
| Title: | SCS/SB 896 | ||
| Effective Date: | August 28, 1996 | ||
SCS/SB 896 - This act revises the order for distribution of
the assets of dissolved insurers. Any debt to the United States
shall be paid after all claims have been paid, rather than before
such claims are paid. Debts to the United States shall be paid
before employee claims and general creditors.
MIKE HOEFERKAMP