(3) For purposes of the phrase “insolvency” otherwise “insolvent,” “liabilities” should are, yet not end up being restricted to, reserves necessary for legislation otherwise because of the legislation of your own company otherwise certain conditions enforced of the administrator upon a keen insurance carrier from the time of entryway or next thereto.
“Insurer” includes folks interested because indemnitor or contractor in the business off coverage, health insurance or off annuities each including people at the mercy of the fresh new supervisory power off, or to liquidation, rehab, reorganization or maintenance because of the, the fresh commissioner and/or similar insurance regulator of some other condition; everyone else purporting becoming engaged since the indemnitor otherwise specialist when you look at the the company off term life insurance, medical insurance or of annuities in this Condition; everybody else undergoing organization becoming interested while the indemnitor otherwise specialist on the market out of life insurance policies, medical health insurance or regarding annuities; and each fraternal work with area created pursuant in order to P.L.1959, c.167 (C.A-step one mais aussi seq.); every mutual work for relationship depending pursuant to help you R.; every healthcare services business dependent pursuant so you’re able to P.L.1938, c.366 (C.-step one et seq.); every wellness solution company based pursuant to P.L.1985, c.236 (C.E-step one et seq.); most of the scientific solution company dependent pursuant so you’re able to P.L.1940, c.74 (C.A-step one et seq.); most of the dental service agency built pursuant to P.L.1968, c.305 (C.C-1 mais aussi seq.); all dental care package company mainly based pursuant so you’re able to P.L.1979, c.478 (C.); and every health fix business depending pursuant so you can P.L.1973, c.337 (C.26:2J-step 1 mais aussi seq.).
D-step one et seq
“Well-known claim” setting any claim that’s accorded consideration out-of commission in the general possessions of insurance provider pursuant into the specifications regarding the work.
“Mutual state” mode one condition, except that this Condition, in which when you look at the material and you will perception, subsection an excellent. out of point payday loans Thornton 17 and you will parts 51, 52 and you may 54 as a result of 56 from the work come into force, and in and therefore conditions can be found in force requiring the administrator otherwise equivalent specialized becoming brand new receiver of a delinquent insurance carrier, and in and that some provision is obtainable for the prevention off fraudulent conveyances and preferential transfers.
S.-1 mais aussi seq
“Secured allege” function people allege shielded from the mortgage, faith action, promise, put just like the security, escrow, otherwise; however also special deposit says otherwise states up against general possessions.
“Special put allege” means one allege secure of the a deposit made pursuant in order to laws for the shelter otherwise advantage of a small classification or classes out-of individuals, but not plus people allege covered because of the standard possessions.
“Transfer” shall through the sale and any other and other mode, lead or indirect, out-of losing otherwise off parting having, possessions otherwise with an intention therein, or on hands thereof, otherwise out of fixing a beneficial lien through to property otherwise up on an attraction therein, definitely otherwise conditionally, voluntarily, because of the otherwise without official proceedings. New maintenance out of a security term to possessions brought to a good debtor would be deemed a transfer sustained of the borrower.
5. an effective. One individual designated within the a proceeding not as much as so it act will get within anytime get, and Premium Legal may offer, such as restraining requests, preliminary and long lasting injunctions, and other requests given that is generally considered requisite and best so you’re able to prevent:
(9) The and come up with of every marketing or deed getting nonpayment regarding taxes otherwise examination who would lessen the property value the newest possessions off brand new insurance company;
(10) The fresh new withholding in the receiver from courses, profile, records or other details concerning the providers of your own insurance provider; or
(11) Various other threatened or considered action which may reduce steadily the well worth of your insurer’s property or bias this new legal rights off policyholders, financial institutions otherwise shareholders, or perhaps the government of any continuing below so it operate.