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4054 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-six - Insurance (§§ 101 — 10377)/
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  6. Chapter 40 - Rehabilitation and Liquidation § 4011a - Rehabilitation—plan/
  7. 4054
Puerto Rico Legal Code

4054

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(1) If an ancillary receiver in another state or foreign country, whether named as such or not, fails to transfer to the domiciliary liquidator in Puerto Rico any assets within his/her control other than special deposits, reduced only by the expenses of the ancillary receivership, if any, the claims filed with the ancillary receiver, other than special deposit claims or secured claims, shall be included in the corresponding class of claims pursuant to § 4039(7) of this title.\nHistory —Ins. Code, added as § 40.540 on Aug. 17, 1991, No. 72, § 1.