(3) To have reason for the expression «insolvency» or «insolvent,» «liabilities» shall tend to be, although not getting limited by, reserves required by laws otherwise by the regulations of one’s service or specific standards enforced of the administrator upon an enthusiastic insurance provider from the lifetime of entry otherwise then thereto.
«Insurer» comes with everybody else involved as indemnitor otherwise contractor in the industry out of life insurance coverage, health insurance or regarding annuities and every such as for example people susceptible to this new supervisory power of, or perhaps to liquidation, rehabilitation, reorganization or conservation by, the brand new administrator or perhaps the similar insurance policies regulator of some other state; every person purporting to-be involved once the indemnitor otherwise company inside the firm from life insurance, health insurance otherwise of annuities in this State; people in the process of team in order to become interested while the indemnitor otherwise company on the market out-of insurance, medical insurance otherwise regarding annuities; and each fraternal work with people established pursuant in order to P.L.1959, c.167 (C.A-step 1 ainsi que seq.); all of the shared work for relationship established pursuant so you’re able to R.; every hospital service agency built pursuant so you’re able to P.L.1938, c.366 (C.-step one ainsi que seq.); every fitness service corporation situated pursuant to help you P.L.1985, c.236 (C.E-1 ainsi que seq.); all of the medical provider corporation founded pursuant to help you P.L.1940, c.74 (C.A-1 mais aussi seq.); most of the dental services business founded pursuant to help you P.L.1968, c.305 (C.C-1 mais aussi seq.); all of the dental plan organization oriented pursuant in order to P.L.1979, c.478 (C.); and each wellness fix business situated pursuant to help you P.L.1973, c.337 (C.26:2J-step 1 mais aussi seq.).
D-step one et seq
«Common allege» means one claim which is accorded priority away from commission on general property of the insurance provider pursuant toward conditions in the operate.
«Mutual state» form any state, apart from which State, in which when you look at the compound and you will feeling, subsection a good. off section 17 and sections 51, 52 and you will 54 courtesy 56 from the act have been in force, plus and that conditions have push demanding the fresh new commissioner otherwise similar certified to be the latest person regarding a delinquent insurance provider, plus which certain supply is present towards prevention out-of deceptive conveyances and you will preferential transfers.
S.-1 et seq
«Protected claim» mode any claim secure by the mortgage, trust action, guarantee, put as safeguards, escrow, otherwise; yet not together with special deposit says or says against general possessions.
«Special put allege» form any claim covered because of the a deposit produced pursuant so you can law for the cover otherwise benefit of a limited class otherwise kinds out of persons, not including one claim safeguarded because of the standard property.
«Transfer» should through the profit and just about every other and other form, head otherwise secondary, out of getting rid of or away from parting which have, property or with an interest therein, otherwise into fingers thereof, otherwise from repairing good lien abreast of possessions otherwise on an interest therein, certainly otherwise conditionally, willingly, by otherwise instead of judicial legal proceeding. The fresh new storage regarding a safety identity in order to assets taken to a beneficial debtor shall be considered a move sustained from the borrower.
5. a great. People individual designated within the a heading less than that it act can get within anytime get, while the Advanced Court could possibly get grant, instance restraining instructions, preliminary and permanent injunctions, or any other orders given that may be deemed needed and you may right so you’re able to prevent:
(9) Brand new making of any marketing otherwise deed for nonpayment away from taxation otherwise tests who https://paydayloansconnecticut.com/bantam/ reduce steadily the value of the assets regarding the fresh insurance provider;
(10) The fresh withholding on person away from books, membership, records or any other details regarding the providers of insurance provider; or
(11) Various other endangered otherwise contemplated step which could reduce the worthy of of one’s insurer’s possessions or prejudice new liberties regarding policyholders, creditors or shareholders, or perhaps the management of every proceeding lower than this operate.
