(3) To possess reason for the phrase “insolvency” otherwise “insolvent,” “liabilities” shall is, however end up being limited to, supplies necessary for law otherwise by the legislation of institution otherwise certain requirements implemented by the commissioner abreast of an insurer during the lifetime of entryway otherwise after that thereto.
“Insurer” boasts everybody else engaged just like the indemnitor otherwise company in the industry from life insurance policies, medical insurance otherwise out of annuities each such people subject to this new supervisory expert of, or even liquidation, rehab, reorganization or preservation from the, the fresh commissioner or even the equivalent insurance policies regulator of another condition; everyone purporting becoming interested because indemnitor or company inside the organization out New Britain loans of insurance, medical health insurance otherwise away from annuities contained in this State; every person in the process of company becoming interested given that indemnitor otherwise builder in the industry out of coverage, medical insurance or of annuities; and each fraternal work for neighborhood mainly based pursuant to help you P.L.1959, c.167 (C.A-1 ainsi que seq.); every shared work with connection centered pursuant so you’re able to R.; most of the hospital provider agency situated pursuant to P.L.1938, c.366 (C.-1 et seq.); every fitness services organization dependent pursuant so you’re able to P.L.1985, c.236 (C.E-1 mais aussi seq.); all medical solution corporation mainly based pursuant to P.L.1940, c.74 (C.A-1 ainsi que seq.); most of the dental care services firm centered pursuant to P.L.1968, c.305 (C.C-step 1 mais aussi seq.); every dental bundle business depending pursuant in order to P.L.1979, c.478 (C.); and each health maintenance company established pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step one ainsi que seq.).
D-1 ainsi que seq
“Popular allege” mode any allege which is accorded top priority of commission on general possessions of insurance provider pursuant on conditions on the operate.
“Mutual county” function any county, aside from this Condition, in which into the compound and feeling, subsection an effective. out of area 17 and you will parts 51, 52 and you will 54 as a consequence of 56 of the act are located in force, and in hence specifications come in force demanding the brand new administrator or equivalent authoritative to-be new individual off a delinquent insurer, plus in and that some supply can be found into the reduction off deceptive conveyances and you can preferential transfers.
S.-step 1 mais aussi seq
“Secured claim” mode one allege covered by the home loan, trust action, vow, deposit just like the shelter, escrow, if not; but not plus unique deposit claims otherwise says against standard property.
“Unique deposit allege” form people claim protected by in initial deposit made pursuant to help you laws with the security otherwise advantage of a small classification otherwise categories off persons, but not and additionally any claim shielded by general possessions.
“Transfer” will through the sales and just about every other and other setting, direct otherwise secondary, regarding getting rid of or from parting that have, assets or with an interest therein, otherwise with the fingers thereof, otherwise away from restoring an effective lien on assets or up on a destination therein, undoubtedly or conditionally, willingly, of the otherwise versus official process. New retention away from a safety name so you’re able to possessions brought to a great borrower would be deemed an exchange sustained by the debtor.
5. a. People receiver appointed in the a proceeding lower than which work get during the anytime apply for, and also the Premium Courtroom will get grant, such as for instance restraining purchases, first and you may permanent injunctions, or any other commands due to the fact may be deemed expected and best to prevent:
(9) The fresh new and then make of any purchases or action having nonpayment regarding taxation otherwise assessments who does decrease the property value the new possessions regarding the latest insurance company;
(10) This new withholding from the individual of courses, profile, files or any other facts concerning the providers of your insurance carrier; otherwise
(11) Some other threatened otherwise considered step that might lower the really worth of insurer’s property otherwise bias the brand new rights from policyholders, financial institutions or shareholders, or perhaps the management of any continuing significantly less than this work.
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