The term also contains states which have end up being liens upon particular property by the need regarding official processes
(3) Getting purposes of the phrase “insolvency” or “insolvent,” “liabilities” shall are, but not feel limited by, supplies necessary for legislation or of the statutes of the institution otherwise specific criteria imposed by administrator abreast of an enthusiastic insurer on lifetime of entry or next thereto.
“Insurer” boasts every person involved while the indemnitor or company in the business regarding insurance, health insurance otherwise off annuities and every eg person at the mercy of the brand new supervisory power out-of, or even liquidation, treatment, reorganization otherwise conservation by, the newest administrator or even the comparable insurance regulator of another county; everyone else purporting as interested because indemnitor otherwise contractor in the organization regarding life insurance policies, health insurance otherwise regarding annuities inside State; everybody else in the process of business in order to become interested because indemnitor or https://paydayloancolorado.net/shaw-heights/ specialist in the market regarding life insurance policies, medical health insurance otherwise off annuities; and each fraternal benefit area established pursuant to P.L.1959, c.167 (C.A-1 mais aussi seq.); every common work for relationship depending pursuant so you can R.; all hospital provider organization founded pursuant so you can P.L.1938, c.366 (C.-step one et seq.); most of the health service firm situated pursuant to P.L.1985, c.236 (C.E-step one ainsi que seq.); every medical provider agency situated pursuant so you can P.L.1940, c.74 (C.A-step one et seq.); the dental care provider corporation situated pursuant so you can P.L.1968, c.305 (C.C-step 1 mais aussi seq.); the dental bundle organization created pursuant to P.L.1979, c.478 (C.); and every fitness repair company founded pursuant to P.L.1973, c.337 (C.26:2J-step 1 ainsi que seq.).
D-1 et seq
“Common claim” function one claim that’s accorded concern away from fee regarding the general assets of your own insurance provider pursuant towards conditions of this operate.
“Reciprocal county” means one county, aside from that it County, in which in compound and you can impression, subsection good. out of area 17 and parts 51, 52 and 54 compliment of 56 regarding the act have push, and in and this provisions come in force requiring the latest administrator or comparable certified becoming the fresh recipient from a delinquent insurance provider, plus in which some provision is available to your reduction out of deceptive conveyances and you may preferential transfers.
S.-step one mais aussi seq
“Secure claim” mode people allege protected from the financial, believe deed, promise, deposit while the coverage, escrow, or otherwise; however also unique put states otherwise states against standard property.
“Unique deposit claim” function people allege covered by the in initial deposit made pursuant so you’re able to law towards security or advantage of a restricted class or kinds out of individuals, yet not including one allege covered by the general possessions.
“Transfer” should through the business and every other and various means, direct or secondary, out of disposing of or of separating having, property or with an interest therein, or into the possession thereof, or regarding restoring an excellent lien up on possessions otherwise upon an appeal therein, certainly otherwise conditionally, voluntarily, of the or rather than official proceedings. The new preservation from a security term so you can property taken to an excellent debtor is considered a transfer sustained from the debtor.
5. a beneficial. Any recipient appointed when you look at the a heading significantly less than this work get on when make an application for, additionally the Superior Legal may grant, like restraining sales, initial and you may permanent injunctions, or any other sales since is deemed required and you will correct in order to prevent:
(9) The newest making of every profit otherwise deed for nonpayment out-of taxes or examination who lessen the value of this new property from brand new insurer;
(10) New withholding on the receiver of guides, accounts, documents or other details concerning the providers of insurance company; or
(11) Any threatened or considered action which may lower the worth of the insurer’s possessions otherwise prejudice the fresh rights out-of policyholders, creditors otherwise investors, or the management of any continuing around which operate.
