(3) To own purposes of the expression “insolvency” otherwise “insolvent,” “liabilities” shall is, but not be restricted to, supplies required by legislation or from the laws and regulations of the department otherwise specific criteria imposed of the commissioner abreast of an enthusiastic insurance company from the lifetime of entryway or after that thereto.
“Insurer” includes anyone involved just like the indemnitor or builder in the industry regarding life insurance coverage, medical insurance or of annuities and each eg people at the mercy of the supervisory power away from, or even to liquidation, rehab, reorganization otherwise maintenance because of the, new commissioner and/or equivalent insurance rates regulator of another county; everyone else purporting as interested as indemnitor otherwise company for the the firm out of insurance, health insurance otherwise away from annuities in this Condition; everybody else in the process of team to become involved since the indemnitor or builder in the market out of coverage, health insurance or out-of annuities; and every fraternal work for society created pursuant so you’re able to P.L.1959, c.167 (C.A-step 1 et seq.); the mutual work for organization centered pursuant in order to R.; all the health provider firm dependent pursuant to P.L.1938, c.366 (C.-step one et seq.); all of the fitness provider firm situated pursuant so you’re able to P.L.1985, c.236 (C.E-step one mais aussi seq.); every medical services corporation depending pursuant to help you P.L.1940, c.74 (C.A-step 1 ainsi que seq.); the dental care service organization founded pursuant in order to P.L.1968, c.305 (C.C-1 et seq.); all dental care package providers established pursuant to P.L.1979, c.478 (C.); each fitness maintenance business mainly based pursuant to P.L.1973, c.337 (C.26:2J-step 1 mais aussi seq.).
D-step one mais aussi seq
“Prominent claim” mode any claim which is accorded top priority of commission throughout the general assets of your insurer pursuant for the conditions from the work.
“Reciprocal county” setting any state, apart from which Condition, in which within the compound and impact, subsection a good. away from point 17 and areas 51, 52 and you may 54 because of 56 of this operate have been in push, and also in and therefore terms have push requiring the brand new commissioner otherwise equivalent authoritative are brand new recipient away from a delinquent insurer, plus which particular supply can be found for the prevention out-of deceptive conveyances and you can preferential transfers.
S.-1 mais aussi seq
“Secure allege” setting people claim shielded because of the mortgage, believe action, promise, deposit because cover, escrow, if not; however and additionally unique deposit says otherwise claims facing standard possessions.
“Unique put allege” setting any claim shielded from the a deposit produced pursuant to law on the defense otherwise advantage of a restricted classification or groups away from individuals, but not in addition to any claim safeguarded because of the standard possessions.
“Transfer” will are the purchases and just about every other as well as other mode, direct otherwise indirect, out-of getting rid of otherwise away from separating which have, property otherwise with an interest therein, otherwise into possession thereof, or out of repairing a lien through to property otherwise abreast of a destination therein, certainly or conditionally, voluntarily, because of the otherwise in place of judicial legal proceeding. The brand new maintenance away from a security label to help you possessions delivered to a debtor should be considered an exchange sustained of the borrower.
5. a good. Any receiver designated inside the a going around that it work will get at at any time make an application for, and the Superior Legal can get grant, eg restraining commands, first and long lasting injunctions, or any other purchases as the may be considered requisite and you will right so you’re able to prevent:
(9) The newest to make of any business or action for nonpayment off taxation or examination who would reduce steadily the worth of the brand new property out of the brand new insurance carrier;
(10) This new withholding regarding the person regarding guides, levels, records or other info relating to the company of your insurer; or
(11) Virtually any threatened or considered step that may lessen the worth of one’s insurer’s assets or prejudice the fresh new liberties out-of policyholders, creditors otherwise investors, or perhaps the management of any proceeding under so it act.
