The expression also includes says that have become liens upon specific property of the need regarding judicial process
(3) To own reason for the definition of “insolvency” or “insolvent,” “liabilities” will include, but not feel restricted to, supplies necessary for rules otherwise by guidelines of your company otherwise particular requirements implemented by administrator on a keen insurer during the time of admission otherwise after that thereto.
“Insurer” has everyone else interested once the indemnitor otherwise specialist in the market out of life insurance coverage, medical health insurance or of annuities each such individual at the mercy of the newest supervisory authority from, or even to liquidation, treatment, reorganization or conservation because of the, the commissioner or perhaps the similar insurance policies regulator of some other state; everybody purporting become interested since indemnitor otherwise specialist into the the firm away from life insurance policies, medical insurance or out of annuities inside State; everyone in the process of organization becoming engaged due to the fact indemnitor otherwise contractor on the market away from life insurance coverage, medical health insurance or off annuities; each fraternal benefit area situated pursuant so you can P.L.1959, c.167 (C.A-1 ainsi que seq.); most of the common benefit association depending pursuant to Roentgen.; every medical solution firm situated pursuant to help you P.L.1938, c.366 (C.-step 1 mais aussi seq.); every fitness services enterprise built pursuant to help you P.L.1985, c.236 (C.E-step 1 et seq.); the scientific provider company depending pursuant so you’re able to P.L.1940, c.74 (C.A-step 1 mais aussi seq.); every dental care services business situated pursuant to help you P.L.1968, c.305 (C.C-step one ainsi que seq.); all of the dental care package organization established pursuant in order to P.L.1979, c.478 (C.); each wellness maintenance business based pursuant to help you P.L.1973, c.337 (C.26:2J-step one mais aussi seq.).
D-step one mais aussi seq
“Preferred allege” setting people claim which is accorded concern out of payment from the standard assets of one’s insurer pursuant toward terms of this work.
“Reciprocal county” function any county, aside from so it State, in which within the compound and impression, subsection a. from point 17 and you may sections 51, 52 and you can 54 courtesy 56 with the act have force, and also in and that provisions can be found in force requiring the latest administrator or equivalent specialized are the brand new recipient off an outstanding insurance company, along with which certain provision is available to the prevention out-of deceptive conveyances and you can preferential transfers.
S.-step one mais aussi seq
“Secured allege” function one claim secured by financial, believe action, guarantee, deposit due to the fact defense, escrow, if not; yet not including unique put says otherwise says up against general possessions.
“Unique deposit claim” means people claim protected because of the in initial deposit generated pursuant in order to legislation on security otherwise advantage of a small classification or classes out of people, however together with any claim shielded of the general possessions.
“Transfer” will include the profit and every other and various form, direct or indirect, away from getting rid of otherwise regarding parting having, assets otherwise with an interest therein, otherwise on the hands thereof, otherwise regarding restoring an effective lien abreast of property or abreast of an appeal therein, definitely or conditionally, willingly, of the otherwise versus judicial procedures. The new preservation away from a safety label so you’re able to possessions brought to good borrower are deemed an exchange sustained because of the debtor.
5. good. People receiver appointed in a proceeding lower than that it operate get from the at any time submit an application for, in addition to Advanced Court could possibly get give, like restraining sales, preliminary and permanent injunctions, or other instructions because is generally deemed called for and you can proper so you’re able to prevent:
(9) New while making of any purchases or deed getting nonpayment out of taxes or examination that would decrease the worth of new possessions from the latest insurer;
(10) The fresh withholding on recipient out-of courses, profile, data or any other info concerning the providers of cash advance loan Portland one’s insurance carrier; or
(11) Another endangered otherwise considered step which may lessen the really worth of one’s insurer’s assets otherwise prejudice the fresh new legal rights away from policyholders, financial institutions otherwise shareholders, or even the administration of any proceeding not as much as so it work.
