(3) Getting reason for the word quick payday loans Watkins “insolvency” otherwise “insolvent,” “liabilities” shall are, yet not be simply for, supplies necessary for law otherwise of the statutes of your company or certain criteria enforced by commissioner upon an insurer on duration of entry otherwise next thereto.
“Insurer” is sold with every person engaged as indemnitor or company on the market away from term life insurance, medical health insurance otherwise regarding annuities and every like person subject to brand new supervisory power off, or to liquidation, rehabilitation, reorganization otherwise conservation by, the brand new administrator or even the similar insurance regulator of another state; everyone purporting to-be involved as the indemnitor otherwise specialist within the the organization of insurance, medical insurance or regarding annuities inside State; everyone else in the process of providers in order to become interested because indemnitor or company in the industry from life insurance, medical health insurance or of annuities; and each fraternal work for people dependent pursuant so you can P.L.1959, c.167 (C.A-step one ainsi que seq.); every common work with association oriented pursuant to R.; the health services firm founded pursuant so you can P.L.1938, c.366 (C.-1 ainsi que seq.); all health services enterprise oriented pursuant to P.L.1985, c.236 (C.E-step 1 ainsi que seq.); all medical provider business centered pursuant to P.L.1940, c.74 (C.A-step one et seq.); all dental care services enterprise based pursuant to help you P.L.1968, c.305 (C.C-1 et seq.); all of the dental package providers mainly based pursuant to help you P.L.1979, c.478 (C.); and each wellness maintenance company built pursuant so you can P.L.1973, c.337 (C.26:2J-1 mais aussi seq.).
D-1 mais aussi seq
“Preferred claim” means any allege which is accorded consideration out of payment on the standard assets of insurance company pursuant towards the terms associated with act.
“Mutual county” means any state, other than it Condition, in which within the compound and you will feeling, subsection a great. out of point 17 and you can areas 51, 52 and you will 54 thanks to 56 in the act are in force, and in hence conditions come into force demanding the brand new commissioner otherwise equivalent specialized as the latest receiver of an outstanding insurance provider, and also in and that specific provision can be acquired toward protection out of fraudulent conveyances and you can preferential transmits.
S.-1 mais aussi seq
“Secure allege” setting people allege secure from the home loan, believe deed, promise, deposit as safety, escrow, otherwise; not along with unique deposit states otherwise says up against general possessions.
“Unique deposit claim” means any allege secured from the a deposit produced pursuant to help you rules toward protection or benefit of a finite group otherwise classes regarding individuals, but not together with one claim shielded because of the general possessions.
“Transfer” shall range from the sale and just about every other and different mode, direct otherwise indirect, from disposing of otherwise off parting having, assets otherwise with an intention therein, otherwise to the possession thereof, or away from fixing a good lien through to possessions or through to an interest therein, absolutely or conditionally, willingly, because of the or instead of judicial process. The fresh retention regarding a safety label to help you property taken to a great debtor are considered a transfer sustained from the borrower.
5. a beneficial. People person designated when you look at the a proceeding less than it operate get at anytime sign up for, and also the Advanced Judge may offer, for example restraining requests, first and you will long lasting injunctions, and other orders as the is deemed necessary and correct in order to prevent:
(9) The and make of any business or action getting nonpayment away from taxes or tests that would reduce steadily the property value the fresh assets out-of the brand new insurer;
(10) The latest withholding throughout the person out-of books, account, files or any other records concerning the company of your own insurance company; or
(11) Any kind of endangered or considered action which could reduce the well worth of insurer’s property otherwise bias brand new rights of policyholders, creditors otherwise shareholders, and/or government of every continuing significantly less than it operate.