HRS §431:15-410
What happens if an out-of-state receiver does not send assets here
This section says that if a receiver in another state or country does not send assets to Hawaii's main liquidator, the claims filed in that other place get moved to a lower priority class. This only applies to certain claims, not special deposits or secured claims.
courtscreditorsdebtors
The statute, as written — Subordination of claims for noncooperation
If an ancillary receiver in another state or foreign country, whether called an ancillary receiver or not, fails to transfer to the domiciliary liquidator in this State any assets within the ancillary receiver's control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, then the claims filed in the ancillary receivership, or with the guaranty fund or association in that jurisdiction, other than special deposit claims or secured claims, shall be placed in the class of claims under section 431:15-332(8).
Sections this one refers to
§431:15-332 Order for paying claims from an insolvent insurer
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.