§ 27-14.3-41 - Special claims. - Rhode Island Statutes

SECTION 27-14.3-41

   § 27-14.3-41  Special claims. – (a) The claim of a third party which is contingent only on his or her firstobtaining a judgment against the insured shall be considered and allowed as ifthere were no contingency.

   (b) A claim may be allowed even if contingent if it is filedin accordance with § 27-14.3-39. It may be allowed and may participate inall distributions declared after it is filed to the extent that it does notprejudice the orderly administration of the liquidation.

   (c) Claims that are due except for the passage of time shallbe treated as absolute claims are treated, except that the claims may bediscounted at the legal rate of interest.

   (d) Claims made under employment contracts by directors,principal officers, or persons in fact performing similar functions or havingsimilar powers are limited to payment for services rendered prior to theissuance of any order of rehabilitation or liquidation under § 27-14.3-17or 27-14.3-22.