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N.Y. ISC Law § 7411

This is the official text of N.Y. ISC Law § 7411, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.

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Filing and proving of claims of non-residents against delinquent insurers domiciled in this state

Official statutory text

§ 7411. Filing and proving of claims of non-residents against\ndelinquent insurers domiciled in this state. (a) In a delinquency\nproceeding begun in this state against an insurer domiciled in this\nstate, claimants residing in reciprocal states may file claims either\nwith the ancillary receivers, if any, in their respective states, or\nwith the domiciliary receiver. All such claims must be filed on or\nbefore the last date fixed for the filing of claims in the domiciliary\ndelinquency proceedings.\n (b) (1) Controverted claims of claimants residing in reciprocal states\nmay either be proved in this state as provided by law, or, if ancillary\nproceedings have been commenced in such reciprocal states, may be proved\nin those proceedings.\n (2) If a claimant elects to prove his claim in ancillary proceedings\nand if notice of the claim and opportunity to appear and be heard is\nafforded the domiciliary receiver of this state as provided in section\nseven thousand four hundred twelve of this article with respect to\nancillary proceedings in this state, the final allowance of such claim\nby the courts in the ancillary state shall be accepted in this state as\nconclusive as to its amount, and as to its priority, if any, against\nspecial deposits or other security located within the ancillary state.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.