31A-27a-604. Claims under an occurrence policy, surety bond, surety undertaking.
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31A-27a-604. Claims under an occurrence policy, surety bond, surety undertaking.
(1)Subject to Section 31A-27a-603 , an insured may file a claim for the protection afforded under the insured's policy, irrespective of whether a claim is known at the time of filing, if the policy is an occurrence policy.
(2)Subject to Section 31A-27a-603 , an obligee may file a claim for the protection afforded under a surety bond or a surety undertaking issued by the insurer as to which the obligee is the beneficiary, irrespective of whether a claim is known at the time of filing.
(3)After a claim is filed under Subsection
(1)or
(2), when a specific claim is made by or against the insured or by the obligee:
(a)the insured or the obligee shall supplement the claim; and
(b)the receiver shall treat the claim as a contingent or unliquidated claim under Section 31A-27a-605 .
Enacted by Chapter 309 , 2007 General Session