(3) Having purposes of the definition of “insolvency” otherwise “insolvent,” “liabilities” should become, however getting simply for, reserves required by rules otherwise from the legislation of one’s agency or particular requirements enforced of the administrator abreast of a keen insurer in the duration of entryway otherwise then thereto.
“Insurer” comes with everyone else engaged as the indemnitor otherwise specialist in the market off life insurance, medical health insurance or out-of annuities each like individual subject to new supervisory expert off, or to liquidation, treatment, reorganization otherwise maintenance of the, the administrator or the similar insurance regulator of some other state; everybody purporting becoming interested once the indemnitor otherwise company during the the organization away from coverage, medical health insurance otherwise regarding annuities in this State; folks undergoing organization becoming involved while the indemnitor or company on the market from coverage, health insurance or out of annuities; each fraternal benefit people centered pursuant to P.L.1959, c.167 (C.A-step one ainsi que seq.); every common work with connection dependent pursuant so you’re able to R.; all of the health services business oriented pursuant in order to P.L.1938, c.366 (C.-1 et seq.); all the wellness service agency founded pursuant in order to P.L.1985, c.236 (C.E-step 1 ainsi que seq.); all the scientific service firm situated pursuant so you’re able to P.L.1940, c.74 (C.A-step 1 et seq.); the dental care services agency depending pursuant so you’re able to P.L.1968, c.305 (C.C-step 1 et seq.); the dental care bundle business created pursuant in order to P.L.1979, c.478 (C.); and every wellness repair organization oriented pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step 1 mais aussi seq.).
D-step 1 et seq
“Well-known claim” setting one allege that is accorded top priority away from commission in the standard assets of the insurance company pursuant into provisions associated with the act.
“Mutual condition” function one county, apart from this County, where within the substance and you will impression, subsection a good. of section 17 and you will parts 51, 52 and you will 54 thanks to 56 for the act have been in force, as well as in and therefore arrangements come in push demanding new administrator otherwise comparable certified to-be the individual out-of an unpaid insurance provider, plus hence particular provision is obtainable for the protection of fraudulent conveyances and preferential transfers.
S.-1 et seq
“Covered claim” mode one claim protected from the home loan, believe deed, guarantee, put once the cover, escrow, otherwise; however in addition to unique put says otherwise claims up against standard possessions.
“Unique put allege” means people allege secured by a deposit made pursuant so you can rules into safeguards otherwise benefit of a finite classification otherwise kinds of people, but not along with people claim covered by the standard property.
“Transfer” shall are the business and any other as well as other function, lead otherwise secondary, out-of getting rid of otherwise off separating that have, possessions otherwise with an interest therein, otherwise with the possession thereof, or away from restoring a lien upon property otherwise up on a destination therein, undoubtedly otherwise conditionally, voluntarily, by otherwise in place of judicial legal proceeding. The fresh preservation from a security identity in order to property delivered to a beneficial borrower is going to be considered a transfer suffered by the borrower.
5. a. One recipient designated into the a going significantly less than it work can get at anytime apply for, together with Premium Judge could possibly get grant, such as for instance restraining requests, first and you may long lasting injunctions, or any payday loans with no credit check in Smeltertown CO other purchases once the can be deemed called for and you can proper to help you prevent:
(9) The latest and work out of any deals or action to own nonpayment out of fees otherwise examination who does reduce steadily the worth of the fresh new possessions from this new insurance provider;
(10) Brand new withholding in the individual regarding courses, profile, documents or other records concerning the organization of your own insurance provider; or
(11) Any threatened or considered step that might lower the well worth of your own insurer’s possessions or bias the new liberties out-of policyholders, financial institutions or shareholders, or the government of every proceeding less than this work.