(3) To have reason for the definition of “insolvency” otherwise “insolvent,” “liabilities” shall tend to be, not become limited to, supplies necessary for laws or from the guidelines of your own company or certain criteria imposed by the administrator abreast of a keen insurance provider on duration of entryway or subsequent thereto.
“Insurer” boasts everyone else engaged as the indemnitor otherwise specialist in the market regarding term life insurance, medical insurance otherwise out-of annuities and every including individual susceptible to the new supervisory expert away from, or to liquidation, rehabilitation, reorganization or preservation by the, the commissioner or the equivalent insurance rates regulator of another condition; everyone purporting to get involved since indemnitor or specialist during the the firm regarding life insurance, medical health insurance or away from annuities inside State; people in the process of team in order to become interested because the indemnitor or contractor in the industry from insurance, health insurance or regarding annuities; and every fraternal work with society founded pursuant to help you P.L.1959, c.167 (C.A-step one et seq.); every shared work with connection built pursuant in order to Roentgen.; all the healthcare solution enterprise depending pursuant to help you P.L.1938, c.366 (C.-1 et seq.); all the fitness provider business mainly based pursuant in order to P.L.1985, c.236 (C.E-step one et seq.); the medical services agency founded pursuant to help you P.L.1940, c.74 (C.A-1 et seq.); every dental service company founded pursuant so you can P.L.1968, c.305 (C.C-step 1 et seq.); the dental care plan organization centered pursuant so you’re able to P.L.1979, c.478 (C.); each fitness repairs organization established pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step one et seq.).
D-step one mais aussi seq
“Common allege” function one allege which is accorded concern off payment on standard property of one’s insurance provider pursuant towards the provisions on the act.
“Mutual state” form one state, apart from Windsor loans this Condition, where in substance and you may effect, subsection a. of point 17 and you can parts 51, 52 and 54 due to 56 of the operate come in force, along with and therefore provisions come in force demanding the latest commissioner or similar formal become the latest recipient of an outstanding insurance company, and also in and therefore specific supply can be found for the avoidance regarding deceptive conveyances and you will preferential transmits.
S.-step 1 mais aussi seq
“Secure claim” means any allege safeguarded because of the home loan, trust action, promise, put because security, escrow, or else; but not along with unique deposit says otherwise states up against standard possessions.
“Unique deposit claim” setting people allege secure by the in initial deposit made pursuant to help you rules for the coverage or benefit of a restricted class or classes off individuals, not along with people allege safeguarded by the general property.
“Transfer” should through the selling and every other and differing means, head otherwise secondary, of losing otherwise regarding parting which have, property or with an interest therein, or with the fingers thereof, otherwise out of restoring a good lien upon property otherwise through to an appeal therein, positively or conditionally, voluntarily, by the or versus judicial procedures. The retention regarding a protection title in order to possessions taken to a beneficial debtor is deemed a transfer sustained by the debtor.
5. an excellent. People person appointed for the a heading under that it act can get within any moment apply for, additionally the Advanced Legal may give, for example restraining commands, preliminary and you may permanent injunctions, or any other sales while the tends to be considered called for and you can right to help you prevent:
(9) The new making of every business otherwise deed to have nonpayment regarding taxation otherwise tests that would reduce steadily the value of the assets out-of the new insurance carrier;
(10) This new withholding on the recipient regarding courses, levels, documents or other info relating to the organization of one’s insurance company; otherwise
(11) All other endangered otherwise contemplated step which may reduce steadily the really worth of the insurer’s possessions or bias the newest legal rights from policyholders, financial institutions otherwise investors, and/or government of every proceeding significantly less than it operate.