(3) To own purposes of the word “insolvency” otherwise “insolvent,” “liabilities” should tend to be, but not be limited to, supplies required by rules or by the laws of your own agency or specific criteria implemented by commissioner up on a keen insurance company on time of entry otherwise subsequent thereto.
“Insurer” has everybody else engaged once the indemnitor or contractor in the market of insurance, medical insurance or out-of annuities each such as person susceptible to new supervisory power off, or even to liquidation, rehab, reorganization or maintenance from the, the new administrator or the equivalent insurance policies regulator of another condition; everybody else purporting becoming interested just like the indemnitor otherwise specialist in the the company off insurance, medical insurance otherwise away from annuities contained in this County; everybody in the process of company becoming engaged once the indemnitor otherwise builder on the market away from life insurance policies, medical health insurance otherwise out of annuities; each fraternal benefit https://paydayloanflorida.net/south-bradenton/ neighborhood dependent pursuant to P.L.1959, c.167 (C.A-step 1 ainsi que seq.); all the mutual work for connection oriented pursuant in order to Roentgen.; every hospital services firm situated pursuant to P.L.1938, c.366 (C.-1 et seq.); all health service company depending pursuant so you’re able to P.L.1985, c.236 (C.E-step 1 mais aussi seq.); most of the scientific service corporation mainly based pursuant so you’re able to P.L.1940, c.74 (C.A-1 mais aussi seq.); all the dental care service business mainly based pursuant so you’re able to P.L.1968, c.305 (C.C-step 1 mais aussi seq.); all of the dental care bundle providers created pursuant to help you P.L.1979, c.478 (C.); each fitness fix team based pursuant in order to P.L.1973, c.337 (C.26:2J-step 1 ainsi que seq.).
D-step one ainsi que seq
“Popular claim” setting one claim that is accorded priority out-of payment on the general possessions of one’s insurance carrier pursuant on the arrangements in the operate.
“Reciprocal county” function one condition, besides so it Condition, in which within the compound and you can feeling, subsection a great. away from area 17 and you can sections 51, 52 and you can 54 compliment of 56 from the operate have push, and in hence arrangements are in force requiring the latest commissioner otherwise comparable certified is the fresh new person away from an unpaid insurer, plus and therefore some supply exists with the avoidance of fake conveyances and you will preferential transmits.
S.-step one et seq
“Secure allege” setting people claim safeguarded because of the home loan, believe deed, vow, put since the security, escrow, otherwise; however and additionally special put claims or says against general possessions.
“Special deposit claim” setting any allege safeguarded from the in initial deposit generated pursuant to law into protection otherwise advantageous asset of a small classification otherwise groups out of people, yet not and additionally people allege secure because of the standard assets.
“Transfer” should range from the sales and any other and other mode, head otherwise indirect, out-of disposing of or off parting that have, property or with an interest therein, otherwise to the palms thereof, otherwise away from repairing good lien upon possessions otherwise through to an appeal therein, definitely or conditionally, voluntarily, from the or without judicial procedures. The latest storage from a protection term in order to assets taken to an effective borrower are deemed an exchange sustained from the debtor.
5. good. One recipient designated inside a going lower than which act may within any time make an application for, and also the Premium Court could possibly get give, particularly restraining orders, preliminary and long lasting injunctions, or any other commands once the could be considered needed and you may proper so you’re able to prevent:
(9) This new to make of every purchases otherwise deed for nonpayment out-of fees otherwise examination who does reduce steadily the value of the fresh new possessions out-of the fresh new insurance carrier;
(10) The fresh withholding regarding receiver off courses, profile, documents or other details concerning the organization of the insurance provider; or
(11) Various other threatened otherwise contemplated step that may decrease the value of the insurer’s property or prejudice the brand new liberties regarding policyholders, financial institutions or investors, and/or government of any proceeding lower than which act.
