The phrase also contains claims having become liens up on particular property from the reason of judicial techniques
(3) Having purposes of the phrase “insolvency” otherwise “insolvent,” “liabilities” should is, not feel limited by, reserves required by law otherwise because of the statutes of department otherwise particular conditions implemented by administrator up on an enthusiastic insurance carrier in the duration of entry otherwise next thereto.
“Insurer” has every person involved once the indemnitor otherwise contractor in the industry out-of life insurance, medical insurance or out of annuities and every particularly people at the mercy of the supervisory expert of, or perhaps to liquidation, rehab, reorganization otherwise preservation of the, brand new administrator and/or similar insurance regulator of another condition; everyone else purporting to get interested as the indemnitor otherwise contractor inside the the business regarding insurance, medical health insurance or out-of annuities inside Condition; everyone undergoing team in order to become involved given that indemnitor otherwise specialist in the advance america cash advance San Luis CO market of life insurance, medical health insurance or regarding annuities; and every fraternal work with society oriented pursuant to P.L.1959, c.167 (C.A-step 1 et seq.); all common work for connection built pursuant to Roentgen.; all of the medical provider business founded pursuant to P.L.1938, c.366 (C.-1 et seq.); most of the health solution enterprise founded pursuant so you’re able to P.L.1985, c.236 (C.E-step one mais aussi seq.); all medical service organization dependent pursuant so you’re able to P.L.1940, c.74 (C.A-step one mais aussi seq.); most of the dental care services company based pursuant to help you P.L.1968, c.305 (C.C-step 1 ainsi que seq.); the dental bundle business mainly based pursuant so you’re able to P.L.1979, c.478 (C.); and every fitness repairs organization mainly based pursuant in order to P.L.1973, c.337 (C.26:2J-1 mais aussi seq.).
D-step 1 mais aussi seq
“Popular claim” form people allege that is accorded concern away from percentage about standard property of your insurance provider pursuant towards the terms in the act.
“Reciprocal state” function one condition, aside from it Condition, in which in substance and perception, subsection a good. of point 17 and you can sections 51, 52 and 54 because of 56 of operate can be found in force, and also in hence terms are located in push requiring this new administrator otherwise similar authoritative to-be the new recipient away from an unpaid insurance carrier, plus in hence some provision exists for the reduction out of fraudulent conveyances and you can preferential transfers.
S.-step one mais aussi seq
“Secured allege” function one allege secured because of the home loan, believe deed, pledge, deposit once the security, escrow, or otherwise; yet not and additionally special put claims otherwise states against standard possessions.
“Special put claim” form any allege secured by the a deposit generated pursuant so you’re able to rules on coverage otherwise advantageous asset of a limited category otherwise kinds out of individuals, but not plus people allege covered of the standard possessions.
“Transfer” shall are the revenue and every other and various means, head otherwise indirect, off disposing of or regarding parting having, possessions or with an interest therein, or towards the palms thereof, or out-of repairing an effective lien abreast of possessions or up on an attraction therein, surely otherwise conditionally, willingly, because of the otherwise as opposed to judicial legal proceeding. This new maintenance away from a safety identity to property taken to a good debtor are considered a transfer suffered by debtor.
5. an excellent. People individual appointed in a proceeding lower than that it work can get in the when sign up for, and Superior Judge get give, instance restraining requests, original and you can long lasting injunctions, and other purchases just like the may be deemed necessary and you can best in order to prevent:
(9) The new and work out of every purchases otherwise action getting nonpayment regarding fees or examination who reduce the value of the brand new property out of the brand new insurance company;
(10) New withholding on the recipient out of books, account, records and other records concerning the company of the insurance provider; or
(11) Every other threatened or considered action that may reduce steadily the well worth of your own insurer’s assets or prejudice the brand new legal rights from policyholders, creditors otherwise investors, or even the administration of any continuing significantly less than so it work.
