SB 0896 Changes Order of Payments By Dissolved Insurers
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
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Current Bill Summary

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.