(1) (a) With the approval of the receivership court, a liquidator may declare and pay: (i) one or more partial distributions on claims as those claims are allowed; and (ii) a final distribution. (b) All claims allowed within a priority class shall be paid at substantially the same percentage. (c) A distribution under this section to a guaranty association is not an advance under Section 31A-27a-704.

(a) With the approval of the receivership court, a liquidator may declare and pay: (i) one or more partial distributions on claims as those claims are allowed; and (ii) a final distribution.

(i) one or more partial distributions on claims as those claims are allowed; and

(ii) a final distribution.

(b) All claims allowed within a priority class shall be paid at substantially the same percentage.

(c) A distribution under this section to a guaranty association is not an advance under Section 31A-27a-704.

(2) In determining the percentage of distributions to be paid on a claim, the liquidator may consider: (a) the estimated value of the insurer's property, including estimated reinsurance recoverables in connection with the insurer's estimated liabilities for: (i) unpaid losses and loss expenses; and (ii) incurred but not reported losses and loss expenses; and (b) the estimated value of the insurer's liabilities, including estimated liabilities for: (i) unpaid losses and loss expenses; and (ii) incurred but not reported losses and loss expenses.

(a) the estimated value of the insurer's property, including estimated reinsurance recoverables in connection with the insurer's estimated liabilities for: (i) unpaid losses and loss expenses; and (ii) incurred but not reported losses and loss expenses; and

(i) unpaid losses and loss expenses; and

(ii) incurred but not reported losses and loss expenses; and

(b) the estimated value of the insurer's liabilities, including estimated liabilities for: (i) unpaid losses and loss expenses; and (ii) incurred but not reported losses and loss expenses.

(i) unpaid losses and loss expenses; and

(ii) incurred but not reported losses and loss expenses.

(3) Distribution of property in kind may be made at valuations set by agreement: (a) between the liquidator and the creditor; and (b) as approved by the receivership court.

(a) between the liquidator and the creditor; and

(b) as approved by the receivership court.

(4) (a) Notwithstanding Subsection (1) and Part 6, Claims, the liquidator may pay benefits under a workers' compensation policy after the day on which the liquidation order is entered if: (i) there is an acceptance of liability by the insurer, and no bona fide dispute exists; (ii) payment is commenced before the entry of the liquidation order; and (iii) future or past indemnity or medical payments are due. (b) A claim payment under this Subsection (4) may continue until the applicable guaranty association: (i) assumes responsibility for the claim payments; or (ii) determines the claim is not a covered claim under its guaranty association law. (c) A claim payment or related expense made under this Subsection (4) may be treated as early access distribution under Section 31A-27a-704 in accordance with an agreement with the guaranty association responsible for the payment.

(a) Notwithstanding Subsection (1) and Part 6, Claims, the liquidator may pay benefits under a workers' compensation policy after the day on which the liquidation order is entered if: (i) there is an acceptance of liability by the insurer, and no bona fide dispute exists; (ii) payment is commenced before the entry of the liquidation order; and (iii) future or past indemnity or medical payments are due.

(i) there is an acceptance of liability by the insurer, and no bona fide dispute exists;

(ii) payment is commenced before the entry of the liquidation order; and

(iii) future or past indemnity or medical payments are due.

(b) A claim payment under this Subsection (4) may continue until the applicable guaranty association: (i) assumes responsibility for the claim payments; or (ii) determines the claim is not a covered claim under its guaranty association law.

(i) assumes responsibility for the claim payments; or

(ii) determines the claim is not a covered claim under its guaranty association law.

(c) A claim payment or related expense made under this Subsection (4) may be treated as early access distribution under Section 31A-27a-704 in accordance with an agreement with the guaranty association responsible for the payment.