N.Y. Insurance Law § 7411: Filing and proving of claims of non-residents against delinquent insurers domiciled in this state

§ 7411. Filing and proving of claims of non-residents against

delinquent insurers domiciled in this state. (a) In a delinquency

proceeding begun in this state against an insurer domiciled in this

state, claimants residing in reciprocal states may file claims either

with the ancillary receivers, if any, in their respective states, or

with the domiciliary receiver. All such claims must be filed on or

before the last date fixed for the filing of claims in the domiciliary

delinquency proceedings.

(b) (1) Controverted claims of claimants residing in reciprocal states

may either be proved in this state as provided by law, or, if ancillary

proceedings have been commenced in such reciprocal states, may be proved

in those proceedings.

(2) If a claimant elects to prove his claim in ancillary proceedings

and if notice of the claim and opportunity to appear and be heard is

afforded the domiciliary receiver of this state as provided in section

seven thousand four hundred twelve of this article with respect to

ancillary proceedings in this state, the final allowance of such claim

by the courts in the ancillary state shall be accepted in this state as

conclusive as to its amount, and as to its priority, if any, against

special deposits or other security located within the ancillary state.