(3) To have reason for the phrase “insolvency” or “insolvent,” “liabilities” shall become, yet not feel limited by, supplies required by rules otherwise of the guidelines of agencies or specific conditions imposed by administrator abreast of a keen insurance carrier at the lifetime of entry or further thereto.
“Insurer” boasts people interested just like the indemnitor otherwise company in the industry away from life insurance coverage, medical health insurance otherwise out of annuities and each eg individual at the mercy of the new supervisory expert out of, or even to liquidation, rehabilitation, reorganization or maintenance of the, the fresh administrator or the comparable insurance coverage regulator of some other state; everybody else purporting becoming engaged because the indemnitor or contractor within the the firm from coverage, medical insurance otherwise away from annuities inside Condition; everybody else in the process of team in order to become interested given that indemnitor or company on the market regarding term life insurance, medical insurance otherwise away from annuities; and every fraternal benefit community established pursuant to P.L.1959, c.167 (C.A-step one ainsi que seq.); all the shared work for relationship created pursuant to help you Roentgen.; every health provider firm dependent pursuant in order to P.L.1938, c.366 (C.-1 ainsi que seq.); all wellness solution firm oriented pursuant to help you P.L.1985, c.236 (C.E-step one et seq.); all the scientific provider firm mainly based pursuant so you’re able to P.L.1940, c.74 (C.A-1 mais aussi seq.); all the dental solution agency built pursuant to help you P.L.1968, c.305 (C.C-1 et seq.); all of the dental plan company founded pursuant in order to P.L.1979, c.478 (C.); and every fitness maintenance organization dependent pursuant to help you P.L.1973, c.337 (C.26:2J-step one ainsi que seq.).
D-1 et seq
“Preferred claim” mode any allege that’s accorded consideration out-of percentage in the general assets of insurer pursuant on the provisions regarding the operate.
“Reciprocal condition” means one state, besides this County, in which inside compound and you will perception, subsection an excellent. from part 17 and you will sections 51, 52 and you will 54 owing to 56 from the act have push, along with hence terms have been in force requiring the newest commissioner otherwise equivalent formal becoming the fresh new receiver away from an outstanding insurance carrier, along with and that specific provision can be found into the prevention out of fraudulent conveyances and you may preferential transmits.
S.-step one et seq
“Protected allege” mode people claim secure of the home loan, believe deed, promise, put since the protection, escrow, or otherwise; not as well as unique put states otherwise claims against standard possessions.
“Special put allege” function people allege protected from the in initial deposit produced pursuant so you can law towards safeguards or advantageous asset of a limited group otherwise groups of individuals, yet not along with one allege shielded from the standard assets.
“Transfer” shall range from the sale and any other as well as other form, direct or secondary, out of disposing of or of parting having, property otherwise with an interest therein, or into arms thereof, or out-of fixing a great lien on assets otherwise up on an interest therein, surely or conditionally, voluntarily, from the or without judicial proceedings. The fresh new maintenance from a protection name so you’re able to property delivered to a borrower are going to be deemed a move sustained by the borrower.
5. good. One receiver designated within the a proceeding below which act could possibly get during the at any time make an application for, in addition to Advanced Legal could possibly get give, such as for instance Kenai loans restraining commands, first and permanent injunctions, or other orders due to the fact can be deemed expected and you may best so you can prevent:
(9) The newest and then make of every product sales or deed to have nonpayment off taxation or tests who decrease the property value the brand new property from the fresh new insurer;
(10) The newest withholding regarding receiver regarding instructions, account, data or any other facts regarding the organization of one’s insurance provider; otherwise
(11) All other threatened otherwise considered action that may reduce the value of your insurer’s possessions or prejudice the fresh new legal rights from policyholders, financial institutions or investors, or the government of every continuing significantly less than so it act.