(3) To have reason for the word «insolvency» or «insolvent,» «liabilities» should become, not end up being limited to, reserves required by laws otherwise because of the regulations of one’s agencies otherwise certain conditions enforced from the commissioner through to an enthusiastic insurance provider during the lifetime of entryway otherwise then thereto.
«Insurer» comes with people involved given that indemnitor otherwise specialist on the market regarding life insurance, medical health insurance or of annuities and every for example individual susceptible to the latest supervisory authority regarding, or even liquidation, treatment, reorganization or conservation by the, the fresh new commissioner and/or equivalent insurance coverage regulator of another county; folks purporting getting interested as the indemnitor otherwise contractor during the the firm away from term life insurance, health insurance otherwise away from annuities in this County; everyone else in the process of team becoming interested once the indemnitor otherwise builder on the market out of life insurance policies, medical health insurance or away from annuities; and each fraternal work with area oriented pursuant so you’re able to P.L.1959, c.167 (C.A-step one et seq.); all mutual work for organization founded pursuant to help you Roentgen.; every hospital service agency mainly based pursuant to help you P.L.1938, c.366 (C.-step one et seq.); all of the wellness services enterprise created pursuant so you can P.L.1985, c.236 (C.E-step 1 ainsi que seq.); most of the medical service company based pursuant so you’re able to P.L.1940, c.74 (C.A-step one et seq.); all dental care solution business dependent pursuant in order to P.L.1968, c.305 (C.C-step 1 ainsi que seq.); the dental package providers created pursuant so you’re able to P.L.1979, c.478 (C.); each fitness repairs company centered pursuant in order to P.L.1973, c.337 (C.26:2J-step one et seq.).
D-1 et seq
«Well-known allege» function people claim that’s accorded concern out of commission about general assets of your own insurance provider pursuant towards the specifications of work.
«Reciprocal condition» form one county, except that this Condition, in which when you look at the material and impact, subsection a. regarding part 17 and you may parts 51, 52 and you will 54 as a consequence of 56 with the work come into force, and also in and that conditions come in force requiring the brand new administrator or equivalent specialized as the fresh receiver away from a delinquent insurer, along with and this particular supply can be obtained for the cures of fraudulent conveyances and preferential transfers.
S.-step 1 et seq
«Secured claim» form any claim covered because of the home loan, trust deed, vow, put since coverage, escrow, if not; however and special put claims or says against general property.
«Special put claim» means people claim secure from the a deposit made pursuant so you’re able to legislation toward cover or advantage of a small class or classes off individuals, yet not along with people claim shielded because of the general property.
«Transfer» will include the product sales and just about every other and various means, direct otherwise indirect, away from getting rid of or from separating with, assets or with an interest therein, or toward hands thereof, otherwise away from restoring a beneficial lien on property or up on an attraction therein, certainly otherwise conditionally, willingly, by otherwise in the place of judicial process. New maintenance of a protection title so you can assets brought to an effective debtor are going to be considered a move sustained because of the debtor.
5. a. Any individual designated when you look at the a proceeding below it work will get at the any moment make an application for, and Advanced Legal will get give, particularly restraining requests, first and you will long lasting injunctions, or other requests given that are considered called for and you may correct so you’re able to prevent:
(9) The latest while making of any selling or deed getting nonpayment out-of taxes or assessments who reduce the worth of the assets from this new insurance company;
(10) The new withholding on individual away from guides, membership, documents or other info relating to the providers of the insurance company; otherwise
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(11) Any threatened otherwise contemplated step that may reduce steadily the really worth of the insurer’s property or prejudice the newest rights from policyholders, creditors or shareholders, or the administration of any proceeding around it operate.