(3) Getting reason for the definition of “insolvency” otherwise “insolvent,” “liabilities” should become, however getting limited by, supplies necessary for legislation or from the laws and regulations of your own agency otherwise particular conditions imposed by the administrator through to a payday loan Rifle keen insurance company on duration of entry otherwise after that thereto.
“Insurer” comes with everybody else interested while the indemnitor otherwise builder in the business out of life insurance coverage, medical insurance or of annuities and each for example people subject to brand new supervisory power out-of, or perhaps to liquidation, treatment, reorganization or conservation from the, the commissioner or perhaps the similar insurance rates regulator of some other condition; anyone purporting to get engaged due to the fact indemnitor otherwise company inside the the company from life insurance, medical health insurance or out-of annuities in this Condition; people undergoing business to become engaged due to the fact indemnitor or specialist in the business regarding life insurance coverage, medical health insurance or out-of annuities; and every fraternal work for people depending pursuant in order to P.L.1959, c.167 (C.A-step one ainsi que seq.); all the shared work with connection situated pursuant in order to Roentgen.; most of the health solution organization centered pursuant to P.L.1938, c.366 (C.-1 et seq.); the fitness solution enterprise established pursuant so you’re able to P.L.1985, c.236 (C.E-step one ainsi que seq.); all of the scientific solution company situated pursuant so you’re able to P.L.1940, c.74 (C.A-step 1 ainsi que seq.); all of the dental care solution business mainly based pursuant so you’re able to P.L.1968, c.305 (C.C-step one mais aussi seq.); every dental package organization created pursuant in order to P.L.1979, c.478 (C.); and each health repair business mainly based pursuant to help you P.L.1973, c.337 (C.26:2J-1 ainsi que seq.).
D-step 1 ainsi que seq
“Well-known claim” mode any claim that’s accorded consideration regarding commission on the general possessions of one’s insurance carrier pursuant to your conditions associated with the work.
“Mutual county” setting one county, apart from that it Condition, where inside the substance and you may impression, subsection an excellent. of point 17 and you may parts 51, 52 and 54 due to 56 associated with operate have push, as well as in hence terms come in push requiring the new commissioner or similar official as the fresh individual from a delinquent insurance provider, as well as in and that specific supply can be acquired on prevention from deceptive conveyances and preferential transmits.
S.-1 et seq
“Covered allege” setting one claim secured because of the financial, believe action, hope, put because coverage, escrow, otherwise; although not plus special put says otherwise says facing standard possessions.
“Unique deposit allege” mode any claim shielded by a deposit produced pursuant so you’re able to rules to your cover or benefit of a restricted class or groups out of persons, but not including people claim secured by general property.
“Transfer” will range from the marketing and any other and different form, direct or indirect, out of losing otherwise away from parting which have, property or with an interest therein, or toward fingers thereof, otherwise away from fixing an effective lien upon assets otherwise abreast of a destination therein, positively otherwise conditionally, willingly, by otherwise in place of judicial proceedings. The new storage of a security name so you can possessions brought to an effective debtor shall be deemed a move suffered from the debtor.
5. a good. People recipient appointed inside a proceeding not as much as it act could possibly get from the anytime sign up for, while the Superior Legal could possibly get grant, such restraining sales, first and you can long lasting injunctions, or other instructions given that can be deemed needed and you can correct to prevent:
(9) The fresh while making of every sale or action getting nonpayment from taxes or examination who reduce steadily the property value the fresh assets away from this new insurance carrier;
(10) The fresh withholding regarding the recipient away from courses, account, records or any other facts regarding the business of your insurance company; or
(11) Any other endangered or considered step which could lower the value of insurer’s assets or prejudice the brand new rights regarding policyholders, financial institutions otherwise investors, and/or management of every continuing less than it operate.