(215 ILCS 5/221.6) (from Ch. 73, par. 833.6)
Sec. 221.6.
Priority of special deposit claims.
The owners of special deposit claims against an insurer for which a
receiver has been appointed in a delinquency proceeding in this or any
reciprocal state shall be given priority against their several special
deposits in accordance with the provisions of the statutes requiring the
creation and maintenance of such special deposits. If there be a deficiency
in any such special deposit so that the claims secured thereby are not
fully discharged therefrom, the claimants may share in the general assets,
but such sharing shall be deferred until general creditors, and also
claimants against other special deposits who have received a small
percentage from their respective special deposits, have been paid
percentages of their claims equal to the percentage paid from such special
deposit, it being the purpose and intent of this provision to equalize to
this extent the advantage gained by the security provided by such special
deposits.
(Source: Laws 1941, vol. 1, p. 832.)
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