(3) For purposes of the definition of “insolvency” otherwise “insolvent,” “liabilities” shall were, however getting limited by, reserves necessary for rules or by the guidelines of company otherwise particular standards implemented of the commissioner upon a keen insurance carrier from the duration of entryway otherwise after that thereto.
“Insurer” comes with anyone involved as indemnitor or company in the market of term life insurance, health insurance or of annuities and every such as person subject to the newest supervisory power from, or even to liquidation, rehab, reorganization otherwise preservation because of the, the fresh administrator and/or equivalent insurance policies regulator of another state; everybody purporting to be interested because indemnitor or company inside the organization out of coverage, medical health insurance or of annuities within this Condition; folks undergoing providers being engaged given that indemnitor or contractor in the industry from insurance, health insurance or from annuities; and each fraternal benefit society established pursuant so you’re able to P.L.1959, c.167 (C.A-step 1 mais aussi seq.); every common work for connection mainly based pursuant so you’re able to R.; most of the medical provider firm founded pursuant so you’re able to P.L.1938, c.366 (C.-step 1 ainsi que seq.); every health solution company mainly based pursuant so you’re able to P.L.1985, c.236 (C.E-step one et seq.); all scientific service firm founded pursuant so you can P.L.1940, c.74 (C.A-step one ainsi que seq.); most of the dental care solution enterprise centered pursuant in order to P.L.1968, c.305 (C.C-1 et seq.); every dental bundle company depending pursuant so you can P.L.1979, c.478 (C.); and each wellness repair business mainly based pursuant in order to P.L.1973, c.337 (C.26:2J-step one mais aussi seq.).
D-step one mais aussi seq
“Common allege” setting one claim that is accorded consideration off fee about standard assets of insurance provider pursuant into the provisions of this work.
“Mutual condition” setting any county, apart from it County, where from inside the substance and feeling, subsection a great. of area 17 and you may sections 51, 52 and you can 54 through 56 associated with work come in push, along with and this terms are located in force requiring the administrator otherwise equivalent specialized to get brand new individual off an unpaid insurer, and in and that certain provision is obtainable toward reduction off deceptive conveyances and you may preferential transmits.
S.-1 mais aussi seq
“Protected allege” function people claim secure because of the home loan, trust deed, promise, put since the shelter, escrow, otherwise; however together with unique deposit says otherwise states up against general assets.
“Unique put claim” mode people allege safeguarded by in initial deposit generated pursuant in order to rules on the safeguards or advantageous asset of a small group otherwise kinds regarding persons, yet not as well as people allege secured by the standard possessions.
“Transfer” should through the profit and every other and various setting, head or indirect, from getting rid of otherwise away from parting having, assets or with an interest therein, or into the palms thereof, otherwise away from repairing a lien through to assets otherwise abreast of a destination therein, undoubtedly or conditionally, voluntarily, because of the or versus official procedures. This new storage from a protection label in order to property taken to a beneficial borrower might be considered an exchange suffered by the borrower.
5 https://paydayloansconnecticut.com/candlewood-orchards/. a great. One individual designated when you look at the a going lower than this act could possibly get within when apply for, and also the Premium Court will get give, like restraining orders, initial and you may permanent injunctions, and other commands due to the fact is deemed expected and you will right in order to prevent:
(9) The fresh while making of any sales or deed having nonpayment from taxation or examination who would reduce steadily the value of the possessions out-of the newest insurance carrier;
(10) The newest withholding in the person from instructions, account, records and other details regarding the company of the insurer; or
(11) Any kind of endangered otherwise contemplated step which may lessen the worthy of of one’s insurer’s property otherwise bias brand new liberties regarding policyholders, creditors otherwise shareholders, or the government of every continuing below it work.
