The word comes with states that have getting liens through to certain possessions of the reason away from official process
(3) To own reason for the term “insolvency” otherwise “insolvent,” “liabilities” should are, but not getting simply for, reserves required by rules otherwise of the statutes of one’s agencies or particular standards imposed by administrator upon a keen insurance carrier within duration of entryway otherwise subsequent thereto.
“Insurer” has everyone else interested because indemnitor otherwise builder in the business regarding life insurance policies, medical health insurance otherwise away from annuities each for example individual subject to this new supervisory authority away from, or perhaps to liquidation, rehabilitation, reorganization otherwise preservation by the, brand new commissioner or the equivalent insurance coverage regulator of another county; everybody purporting to-be engaged given that indemnitor otherwise specialist for the the company out of life insurance, health insurance otherwise out of annuities within this Condition; folks undergoing organization being engaged while the indemnitor or contractor in the industry off insurance, medical health insurance or of annuities; and each fraternal work for area situated pursuant so you’re able to P.L.1959, c.167 (C.A-step one mais aussi seq.); most of the common work with organization founded pursuant so you can R.; most of the hospital services corporation mainly based pursuant in order to P.L.1938, c.366 (C.-step one mais aussi seq.); all of the fitness service firm founded pursuant so you’re able to P.L.1985, c.236 (C.E-1 et seq.); all of the scientific service firm mainly based pursuant so you can P.L.1940, c.74 (C.A-step one ainsi que seq.); all of the dental care solution agency dependent pursuant so you’re able to P.L.1968, c.305 (C.C-step 1 et seq.); all of the dental care package business centered pursuant to help you P.L.1979, c.478 (C.); each fitness repair team necessary hyperlink mainly based pursuant in order to P.L.1973, c.337 (C.26:2J-step one mais aussi seq.).
D-step one mais aussi seq
“Prominent allege” setting one claim that is accorded concern regarding commission from the standard possessions of your own insurance carrier pursuant on the terms on the act.
“Reciprocal state” form any county, aside from it State, where inside the substance and effect, subsection an effective. of part 17 and parts 51, 52 and you will 54 courtesy 56 of the operate come in force, and in and that specifications are located in force demanding the fresh administrator otherwise similar official to be this new receiver off an outstanding insurer, along with and that certain supply can be found towards the prevention of fraudulent conveyances and you may preferential transmits.
S.-1 ainsi que seq
“Protected claim” means any allege secured of the home loan, trust deed, pledge, put as the protection, escrow, if not; yet not also unique deposit states or states facing general possessions.
“Unique deposit claim” function one claim covered by a deposit made pursuant to help you law on the cover otherwise advantageous asset of a small class otherwise groups out of persons, not together with one allege protected by the general possessions.
“Transfer” should through the purchases and every other and other form, head or indirect, away from losing otherwise out of separating that have, property otherwise with an intention therein, or toward arms thereof, otherwise off restoring an effective lien through to assets otherwise abreast of a destination therein, positively otherwise conditionally, voluntarily, by the otherwise in place of judicial procedures. The fresh new retention away from a security term in order to property brought to a good borrower are going to be considered a move sustained by borrower.
5. a good. People receiver designated from inside the a proceeding below so it operate will get during the anytime make an application for, in addition to Premium Courtroom can get grant, such restraining sales, first and you may long lasting injunctions, and other purchases due to the fact is deemed expected and you may correct to prevent:
(9) The newest and make of any purchases or deed having nonpayment regarding taxation otherwise assessments who would reduce the worth of the assets out of the brand new insurance carrier;
(10) The fresh withholding in the receiver out of instructions, accounts, data or any other info relating to the business of your insurance provider; otherwise
(11) Some other endangered or considered step that might reduce steadily the value of the insurer’s property or prejudice the fresh liberties out of policyholders, creditors or shareholders, or even the administration of any proceeding less than that it work.
