The word comes with states having end up being liens up on specific property of the reasoning out-of judicial processes
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(3) Having reason for the expression “insolvency” or “insolvent,” “liabilities” should tend to be, however become simply for, supplies required by legislation or of the laws and regulations of one’s service or specific requirements enforced from the administrator abreast of an enthusiastic insurance carrier on time of entry or then thereto.
“Insurer” comes with every person involved given that indemnitor otherwise company in the business away from life insurance, health insurance otherwise of annuities and every such individual at the mercy of the brand new supervisory authority away from, or even liquidation, treatment, reorganization otherwise conservation because of the, the fresh administrator and/or similar insurance coverage regulator of another county; every person purporting are involved while the indemnitor or specialist within the the company regarding insurance, medical insurance otherwise away from annuities within County; anyone in the process of providers becoming interested just like the indemnitor otherwise company on the market from coverage, health insurance or from annuities; each fraternal work for community oriented pursuant to P.L.1959, c.167 (C.A-step one ainsi que seq.); most of the shared work with relationship created pursuant so you’re able to Roentgen.; every medical solution business oriented pursuant to help you P.L.1938, c.366 (C.-step 1 mais aussi seq.); all wellness provider enterprise oriented pursuant so you can P.L.1985, c.236 (C.E-1 ainsi que seq.); all of the medical solution corporation oriented pursuant to P.L.1940, c.74 (C.A-step one et seq.); every dental service enterprise dependent pursuant to help you P.L.1968, c.305 (C.C-1 ainsi que seq.); all the dental plan business centered pursuant to help you P.L.1979, c.478 (C.); and each fitness repairs team built pursuant to help you P.L.1973, c.337 (C.26:2J-step 1 mais aussi seq.).
D-step one ainsi que seq
“Prominent claim” function one allege which is accorded consideration off percentage on general property of one’s insurance carrier pursuant to the provisions with the operate.
“Mutual county” function any condition, aside from which County, where within the compound and you can perception, subsection an excellent. off section 17 and sections 51, 52 and you will 54 through 56 regarding the act are in force, and also in and therefore provisions are located in push demanding the latest commissioner otherwise similar certified to get the latest recipient away from a delinquent insurance provider, plus and this some supply can be acquired into cures out of fraudulent conveyances and you may preferential transfers.
S.-1 et seq
“Protected claim” form one claim protected from the financial, trust action, guarantee, deposit since defense, escrow, if not; however including unique put claims or says against general property.
“Special put allege” form any claim secured from the a deposit produced pursuant so you can law into the shelter or advantage of a restricted category otherwise categories of individuals, although not along with one allege covered of the general possessions.
“Transfer” should through the product sales and just about every other and different mode, lead or secondary, from losing otherwise out of separating with, property or with an intention therein, otherwise with the possession thereof, or out of repairing an effective lien abreast of property otherwise on a destination therein, seriously otherwise conditionally, willingly, by otherwise as opposed to official procedures. This new retention regarding a safety label to help you property taken to an effective borrower is considered a transfer sustained by the debtor.
5. a good. People person appointed when you look at the a heading below it operate may from the anytime make an application for, and Premium Court get offer, such as for example restraining purchases, original and you will long lasting injunctions, or any other instructions as the is generally deemed needed and you may best to help you prevent:
(9) New and come up with of every profit or action to own nonpayment away from taxation otherwise examination who lessen the worth of the fresh new property away from the fresh new insurance company;
(10) The latest withholding regarding the individual regarding instructions, accounts, data or other suggestions regarding the business of insurer; or
(11) Virtually any threatened or considered step which may reduce steadily the worth of the insurer’s possessions or bias brand new legal rights away from policyholders, financial institutions or investors, or perhaps the management of any proceeding less than that it operate.