375.1219. Claims allocated to separate account not chargeable with liabilities, when--treated as class 2 claim, when. - Missouri Statutes

Claims allocated to separate account not chargeable with liabilities,when--treated as class 2 claim, when.

375.1219. All claims under policies, contracts oragreements for which assets have been allocated to a separateaccount established pursuant to section 376.309, RSMo, and whichprovide, in effect, that the assets allocated to the separateaccount shall not be chargeable with liabilities arising out ofany other business of the insurer, shall be satisfied out of theassets allocated to the separate account equal to the reservesmaintained in such account for such policy, contract or agreementand to the extent, if any, not fully discharged thereby, shall betreated as class 2 claims against the estate of the insurerpursuant to the provisions of section 375.1218.

(L. 1993 H.B. 709)