(3) To have purposes of the phrase “insolvency” or “insolvent,” “liabilities” shall are, not getting restricted to, reserves necessary for laws otherwise by the rules of agencies or specific criteria imposed by the commissioner through to an insurance carrier at the time of admission otherwise further thereto.
“Insurer” comes with folks interested because indemnitor or company in the industry off life insurance, medical health insurance or regarding annuities and each such as for example person susceptible to brand new supervisory authority out of, or to liquidation, rehabilitation, reorganization otherwise maintenance from the, the new commissioner or perhaps the comparable insurance policies regulator of another county; everyone else purporting to-be involved just like the indemnitor or company in the organization from life insurance policies, medical health insurance or regarding annuities contained in this State; everybody else undergoing team to become engaged given that indemnitor otherwise builder in the business from coverage, health insurance or out-of annuities; each fraternal benefit society created pursuant to help you P.L.1959, c.167 (C.A-step one ainsi que seq.); every mutual work for relationship centered pursuant to help you Roentgen.; the healthcare provider corporation situated pursuant in order to P.L.1938, c.366 (C.-step 1 ainsi que seq.); the wellness service corporation mainly based pursuant in order to P.L.1985, c.236 (C.E-1 mais aussi seq.); the scientific services enterprise depending pursuant so you can P.L.1940, c.74 (C.A-step one et seq.); all of the dental provider corporation mainly based pursuant in order to P.L.1968, c.305 (C.C-step 1 ainsi que seq.); all of the dental plan company built pursuant to help you P.L.1979, c.478 (C.); and every fitness restoration team centered pursuant to P.L.1973, c.337 (C.26:2J-1 mais aussi seq.).
D-1 et seq
“Popular allege” form any allege which is accorded concern away from commission regarding the standard property of one’s insurance company pursuant to the arrangements associated with the work.
“Mutual county” form any state, except that which Condition, web site here where in compound and you can effect, subsection an effective. off area 17 and areas 51, 52 and 54 through 56 regarding the work are located in push, plus in and that specifications come in force requiring new commissioner or similar formal to-be the fresh new individual away from an outstanding insurer, along with and therefore specific provision is present towards the prevention regarding fake conveyances and you can preferential transfers.
S.-1 mais aussi seq
“Secured allege” means one claim covered by the home loan, trust deed, pledge, deposit because the protection, escrow, or else; however also special deposit says otherwise says against general assets.
“Unique deposit claim” setting any allege protected by a deposit produced pursuant so you can laws to your cover or advantageous asset of a small class or classes from individuals, not and additionally one claim covered from the standard property.
“Transfer” should through the purchases and any other and different form, head otherwise indirect, out of losing otherwise regarding separating that have, property otherwise with an interest therein, otherwise into the arms thereof, otherwise away from fixing a beneficial lien abreast of assets otherwise on an interest therein, surely otherwise conditionally, voluntarily, by otherwise instead judicial legal proceeding. The fresh maintenance away from a safety name to possessions delivered to a good borrower is considered a move suffered of the borrower.
5. a good. One receiver appointed in the a going below which work get at when sign up for, and the Advanced Judge could possibly get grant, eg restraining commands, initial and you can long lasting injunctions, or other requests since could be considered requisite and right in order to prevent:
(9) This new and work out of every deals otherwise action for nonpayment out-of taxes otherwise examination who does lower the worth of new possessions off the brand new insurance company;
(10) The brand new withholding throughout the recipient from courses, profile, data and other facts relating to the team of your own insurance carrier; otherwise
(11) Various other endangered or contemplated action that may reduce steadily the worth of insurer’s possessions or prejudice the fresh legal rights out of policyholders, creditors or shareholders, or perhaps the government of any continuing not as much as it operate.
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