(3) To own purposes of the phrase “insolvency” otherwise “insolvent,” “liabilities” should is, however feel limited to, supplies necessary for laws otherwise by legislation of the service otherwise specific conditions enforced by commissioner up on an enthusiastic insurer at duration of admission or subsequent thereto.
“Insurer” is sold with people interested because indemnitor otherwise contractor in the business away from coverage, health insurance or away from annuities each such as for instance people subject to the newest supervisory authority from, or even liquidation, treatment, reorganization or preservation of the, brand new commissioner and/or comparable insurance rates regulator of some other state; people purporting to get involved as the indemnitor otherwise specialist inside the the organization of insurance, medical health insurance or regarding annuities within this State; people in the process of team becoming engaged because indemnitor or specialist in the market of life insurance, health insurance or of annuities; and each fraternal benefit area oriented pursuant so you’re able to P.L.1959, c.167 (C.A-1 mais aussi seq.); all of the shared work for organization created pursuant to help you Roentgen.; every health solution company built pursuant in order to P.L.1938, c.366 (C.-1 mais aussi seq.); all of the health provider organization oriented pursuant so you’re able to P.L.1985, c.236 (C.E-step 1 mais aussi seq.); the medical solution corporation dependent pursuant in order to P.L.1940, c.74 (C.A-step 1 ainsi que seq.); every dental care solution corporation built pursuant to help you P.L.1968, c.305 (C.C-step 1 et seq.); every dental care plan company depending pursuant in order to P.L.1979, c.478 (C.); and every fitness maintenance providers depending pursuant to P.L.1973, c.337 (C.26:2J-step 1 et seq.).
D-1 mais aussi seq
“Popular allege” form people allege that is accorded concern from commission from the standard assets of insurer pursuant on specifications in the work.
“Mutual state” means one county, aside from it State, in which inside substance and impact, subsection good. off area 17 and sections 51, 52 and 54 using 56 of this work come in push, plus in which terms have push requiring brand new administrator or equivalent formal to-be this new recipient from an unpaid insurance provider, and in hence certain provision can be obtained into cures of deceptive conveyances and preferential transfers.
S.-step 1 mais aussi seq
“Protected allege” form one allege secured from the financial, trust action, hope, deposit as cover, escrow, or else; however plus unique deposit claims or says against general property.
“Unique put allege” means any claim safeguarded by in initial deposit produced pursuant to law to your cover or benefit of a restricted group otherwise classes off people, not and additionally people claim protected from the general assets.
“Transfer” shall are the revenue and every other and other function, lead otherwise secondary, from losing otherwise regarding parting with, property or with an interest therein, otherwise on the fingers thereof, or regarding fixing a good lien upon possessions or up on an appeal therein, absolutely otherwise conditionally, willingly, by otherwise without official procedures. The fresh retention from a protection term in order to possessions taken to a beneficial debtor will likely be deemed a move sustained of the borrower.
5. an effective. People person designated in a going below this work can get during the any time make an application for, and also the Advanced Legal get give, instance restraining purchases, initial and you will long lasting injunctions, and other instructions because the can be deemed needed and you may best in order to prevent:
(9) The brand new and then make of every income otherwise action payday loans Sacred Heart University to have nonpayment regarding fees or assessments who would lessen the property value this new possessions regarding the newest insurer;
(10) The new withholding from the receiver out of books, account, records or other facts concerning the business of your own insurer; or
(11) Various other endangered otherwise contemplated step which may lower the really worth of insurer’s possessions otherwise prejudice this new legal rights out of policyholders, financial institutions or shareholders, or perhaps the government of every proceeding around so it work.
