Guam § 15606 - Priority of Preferred Claims.

§ 15606. Priority of Preferred Claims.

(a) In a delinquency proceeding against an insurer domiciled

in Guam, claims owing to residents of ancillary states shall be

preferred claims if like claims are preferred under the laws of

Guam. All such claims whether owing to residents or non-

residents shall be given equal priority of payment from general

assets regardless of where such assets are located.

(b) In a delinquency proceeding against an insurer domiciled

in a reciprocal state, claims owing to residents of Guam shall be

preferred if like claims are preferred by the laws of that state.