(3) To possess reason for the definition of «insolvency» or «insolvent,» «liabilities» shall are, however be limited by, supplies necessary for rules or by laws and regulations of one’s agencies otherwise certain standards imposed because of the commissioner up on an insurance carrier at time of admission otherwise next thereto.
«Insurer» is sold with anyone involved because the indemnitor otherwise company on the market out-of insurance, medical health insurance or regarding annuities and every particularly individual subject to the supervisory expert from, or perhaps to liquidation, rehabilitation, reorganization or preservation of the, the new commissioner or even the similar insurance coverage regulator of another county; people purporting to-be interested just like the indemnitor or specialist for the the company off life insurance coverage, medical insurance or from annuities inside Condition; everyone in the process of company becoming interested because indemnitor otherwise company in the business regarding life insurance coverage, medical health insurance or regarding annuities; and each fraternal work for area founded pursuant in order to P.L.1959, c.167 (C.A-step 1 ainsi que seq.); most of the shared work with association dependent pursuant to R.; all health provider agency founded pursuant to help you P.L.1938, c.366 (C.-step 1 et seq.); the fitness provider company situated pursuant so you can P.L.1985, c.236 (C.E-1 et seq.); most of the scientific provider company depending pursuant so you can P.L.1940, c.74 (C.A-step one et seq.); all dental care solution company situated pursuant in order to P.L.1968, c.305 (C.C-step one mais aussi seq.); all the dental package organization dependent pursuant to P.L.1979, c.478 (C.); and every wellness restoration company built pursuant in order to P.L.1973, c.337 (C.26:2J-step one mais aussi seq.).
D-step one mais aussi seq
«Prominent claim» setting one claim which is accorded consideration away from payment regarding the general property of your own insurance carrier pursuant to your specifications of act.
«Reciprocal condition» mode one county installment loans online in Arizona, apart from which County, in which inside material and impact, subsection a good. out of section 17 and you will sections 51, 52 and you can 54 as a consequence of 56 with the act have been in push, along with hence arrangements come into push demanding the administrator or similar authoritative to be the latest individual regarding an unpaid insurance provider, and also in which specific supply is available into avoidance away from deceptive conveyances and you will preferential transmits.
S.-step one ainsi que seq
«Secure claim» function one claim protected from the financial, trust action, guarantee, put because shelter, escrow, or otherwise; but not plus unique deposit says or says against standard possessions.
«Unique deposit claim» form any claim shielded from the a deposit made pursuant to laws to your cover otherwise benefit of a restricted classification otherwise categories from people, although not in addition to one claim safeguarded by the general possessions.
«Transfer» shall include the deals and any other and various means, direct or secondary, out-of disposing of or out of parting with, property or with an intention therein, or towards palms thereof, or from fixing an effective lien upon possessions or abreast of an interest therein, undoubtedly or conditionally, willingly, from the or instead of judicial process. New storage regarding a safety name in order to assets brought to a borrower are considered a move sustained by debtor.
5. a. People person appointed for the a heading significantly less than so it operate can get during the at any time sign up for, additionally the Premium Judge will get give, for example restraining purchases, preliminary and you can permanent injunctions, or any other sales due to the fact may be considered necessary and you will best so you’re able to prevent:
(9) This new and then make of every selling or action to possess nonpayment away from taxation or examination who would lessen the worth of the fresh possessions out-of the brand new insurance carrier;
(10) The brand new withholding in the receiver out-of books, profile, data or other suggestions regarding the business of insurance provider; or
(11) Almost every other endangered or considered action that might lower the worthy of of insurer’s property otherwise prejudice the brand new rights off policyholders, loan providers otherwise investors, or even the government of every continuing under so it work.