The word also includes states that have feel liens up on certain property from the reasoning regarding official procedure

(3) For reason for the expression „insolvency“ otherwise „insolvent,“ „liabilities“ should were, not become limited to, supplies necessary for law otherwise of the laws of one’s company or specific criteria implemented because of the commissioner on an insurance company during the lifetime of entryway or next thereto.

„Insurer“ includes everybody else engaged just like the indemnitor otherwise specialist in the industry out of term life insurance, health insurance or out of annuities and each particularly people subject to the brand new supervisory expert out of, or even liquidation, treatment, reorganization otherwise conservation from the, brand new administrator or even the equivalent insurance rates regulator of some other county; everybody else purporting to get interested because the indemnitor or company in the the business of life insurance, health insurance otherwise out-of annuities within this State; everyone else undergoing team in order to become engaged due to the fact indemnitor or contractor in the market out of life insurance coverage, medical insurance otherwise out-of annuities; and every fraternal work for people established pursuant to help you P.L.1959, c.167 (C.A-step one et seq.); the common benefit connection founded pursuant to Roentgen.; all of the hospital solution organization centered pursuant in order to P.L.1938, c.366 (C.-step 1 mais aussi seq.); all of the fitness provider business depending pursuant in order to P.L.1985, c.236 (C.E-step one et seq.); every medical service firm created pursuant in order to P.L.1940, c.74 (C.A-1 et seq.); all dental care solution business depending pursuant so you can P.L.1968, c.305 (C.C-step one et seq.); the dental care plan team founded pursuant in order to P.L.1979, c.478 (C.); and every health repairs providers based pursuant to P.L.1973, c.337 (C.26:2J-1 et seq.).

D-step 1 mais aussi seq

„Popular allege“ form people claim which is accorded top priority of payment on general property of your own insurance carrier pursuant towards the provisions associated with work.

„Mutual condition“ means people county, besides so it State, where in the compound and you may effect, subsection an excellent. off area 17 and you can sections 51, 52 and you can 54 through 56 of this work have been in force, and also in and this conditions are located in force demanding brand new administrator otherwise similar authoritative getting this new receiver of a delinquent insurance company, plus in which specific supply can be acquired on the protection out-of deceptive conveyances and you may preferential transfers.

S.-1 ainsi que seq

„Secure allege“ setting any allege safeguarded by financial, faith deed, promise, put given that protection, escrow, or otherwise; although not including unique put claims or says up against standard property.

„Special deposit claim“ means one claim protected of the in initial deposit made pursuant so you can laws towards the shelter otherwise advantageous asset of a small class otherwise classes regarding individuals, but not and additionally any claim secured by the general property.

„Transfer“ should through the purchases and any other and differing function, direct otherwise secondary, off losing or regarding separating having, assets otherwise with an intention therein, otherwise towards the possession thereof, otherwise away from restoring an effective lien on assets or up on an appeal therein, positively or conditionally, voluntarily, americash loans West Mountain from the or instead of judicial process. The fresh maintenance out-of a safety identity to possessions taken to a beneficial borrower should be deemed an exchange sustained because of the borrower.

5. a. People individual designated inside the a going lower than this operate can get on anytime make an application for, plus the Advanced Judge can get offer, such restraining orders, initial and you will permanent injunctions, or other sales because the is considered required and proper to help you prevent:

(9) This new and then make of any business otherwise deed having nonpayment out of fees or examination who decrease the property value the fresh property of the fresh insurance company;

(10) Brand new withholding on the receiver from guides, membership, documents and other information regarding the business of your own insurer; otherwise

(11) Any threatened otherwise contemplated step which may reduce steadily the worth of your insurer’s possessions otherwise bias the latest legal rights away from policyholders, creditors or shareholders, or perhaps the management of every continuing under it operate.