§ 27-14.3-29 - Collection and list of assets. - Rhode Island Statutes

SECTION 27-14.3-29

   § 27-14.3-29  Collection and list ofassets. – (a) As soon as practicable after the liquidation order but not later than onehundred twenty (120) days after this, the liquidator shall prepare in duplicatea list of the insurer's assets. The list shall be amended or supplemented asthe liquidator may determine. One copy shall be filed in the office of theclerk of the superior court for the county of Providence and one copy shall beretained for the liquidator's files. All amendments and supplements shall besimilarly filed.

   (b) The liquidator shall reduce the assets to a degree ofliquidity that is consistent with the effective execution of the liquidation.

   (c) A submission to the court for disbursement of assets inaccordance with § 27-14.3-38 fulfills the requirements of subsection (a)of this section.