(3) Having purposes of the definition of “insolvency” or “insolvent,” “liabilities” shall include, but not be limited by, reserves required by legislation or because of the laws and regulations of institution or particular requirements implemented of the commissioner abreast of an enthusiastic insurance company during the lifetime of entry or then thereto.
“Insurer” has everybody else engaged once the indemnitor or specialist on the market from life insurance coverage, medical insurance otherwise out of annuities each particularly people at the mercy of this new supervisory expert off, or even to liquidation, rehabilitation, reorganization or maintenance by the, brand new administrator or the equivalent insurance rates regulator of another county; everybody else purporting getting interested given that indemnitor or contractor during the the firm out of life insurance, medical insurance or off annuities in this County; every person undergoing organization to be interested because indemnitor otherwise company on the market of life insurance, medical insurance or away from annuities; each fraternal benefit people mainly based pursuant in order to P.L.1959, c.167 (C.A-1 ainsi que seq.); every shared work with connection dependent pursuant in order to Roentgen.; the medical provider business founded pursuant so you can P.L.1938, c.366 (C.-step one mais aussi seq.); all the wellness provider organization established pursuant in order to P.L.1985, c.236 (C.E-step 1 mais aussi seq.); the scientific services organization established pursuant to P.L.1940, c.74 (C.A-step one mais aussi seq.); every dental service firm founded pursuant so you can P.L.1968, c.305 (C.C-step one mais aussi seq.); most of payday loans Murray the dental care package organization situated pursuant so you’re able to P.L.1979, c.478 (C.); each fitness repairs business oriented pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step 1 et seq.).
D-step one et seq
“Preferred allege” mode any claim that’s accorded priority from percentage from the general assets of your insurance company pursuant for the provisions with the act.
“Mutual condition” function people county, apart from it Condition, in which in the material and you may feeling, subsection an effective. regarding point 17 and parts 51, 52 and 54 due to 56 from the work are located in force, plus in and this conditions are located in push requiring the brand new administrator or comparable authoritative to-be new person off a delinquent insurance company, as well as in which certain supply is present towards the reduction away from fraudulent conveyances and you can preferential transmits.
S.-step 1 ainsi que seq
“Safeguarded allege” form one claim secure by the home loan, believe deed, pledge, put due to the fact security, escrow, if not; however and unique deposit states or states up against standard assets.
“Special deposit allege” setting any claim secured from the a deposit produced pursuant so you’re able to legislation towards security or benefit of a restricted classification or categories out of persons, however and additionally any claim safeguarded by the standard property.
“Transfer” shall include the purchases and just about every other and different form, direct or indirect, of disposing of or from separating with, property otherwise with an intention therein, otherwise towards the palms thereof, otherwise out-of fixing a great lien through to possessions or upon an interest therein, definitely otherwise conditionally, voluntarily, by otherwise without judicial procedures. The fresh new maintenance off a safety label so you’re able to assets taken to a good borrower will likely be deemed a transfer suffered because of the debtor.
5. a great. One recipient appointed in a proceeding less than so it act could possibly get from the at any time apply for, while the Premium Legal may grant, such restraining orders, first and you can permanent injunctions, or other purchases because is considered needed and correct to prevent:
(9) The newest to make of every selling otherwise deed getting nonpayment of fees or tests that would decrease the property value new property out of the newest insurance company;
(10) The newest withholding on receiver away from guides, levels, data and other details relating to the organization of one’s insurance company; or
(11) Some other threatened otherwise considered action which could reduce steadily the worth of your own insurer’s property or bias the fresh new legal rights regarding policyholders, financial institutions or shareholders, or perhaps the government of any continuing significantly less than that it work.