(3) To have reason for the phrase «insolvency» otherwise «insolvent,» «liabilities» should are, although not be limited by, supplies required by laws otherwise by laws of one’s service or certain criteria imposed because of the administrator abreast of a keen insurance company at duration of entry otherwise further thereto.
«Insurer» includes people involved while the indemnitor or contractor in the industry out-of life insurance coverage, medical health insurance otherwise off annuities and each such as for instance individual susceptible to the newest supervisory expert regarding, or perhaps to liquidation, treatment, reorganization or preservation because of the, new commissioner or even the comparable insurance policies regulator of another county; everybody else purporting to be interested due to the fact indemnitor otherwise contractor during the the organization out of life insurance payday loans no credit check Gaylordsville Connecticut coverage, medical health insurance otherwise of annuities within County; folks undergoing providers being involved once the indemnitor or company in the industry of life insurance coverage, medical health insurance otherwise away from annuities; each fraternal benefit people mainly based pursuant so you’re able to P.L.1959, c.167 (C.A-1 mais aussi seq.); all of the mutual benefit connection situated pursuant so you can Roentgen.; most of the health provider firm oriented pursuant so you’re able to P.L.1938, c.366 (C.-step one ainsi que seq.); all of the fitness solution enterprise established pursuant to P.L.1985, c.236 (C.E-1 et seq.); all of the medical solution business established pursuant to help you P.L.1940, c.74 (C.A-1 ainsi que seq.); most of the dental care services firm centered pursuant so you can P.L.1968, c.305 (C.C-step 1 ainsi que seq.); every dental care plan team mainly based pursuant in order to P.L.1979, c.478 (C.); and every wellness repair team depending pursuant to help you P.L.1973, c.337 (C.26:2J-1 ainsi que seq.).
D-step 1 et seq
«Well-known allege» setting people claim which is accorded priority from fee about standard assets of your own insurer pursuant into terms with the act.
«Mutual condition» function one state, apart from that it Condition, where in compound and you may perception, subsection an effective. of section 17 and you can sections 51, 52 and you may 54 because of 56 in the operate can be found in push, as well as in hence arrangements have push demanding the new commissioner otherwise similar official are the receiver regarding an unpaid insurance carrier, as well as in and therefore specific provision is present towards the prevention of deceptive conveyances and preferential transfers.
S.-step one mais aussi seq
«Safeguarded claim» means any claim safeguarded from the home loan, faith action, vow, put as the shelter, escrow, if not; not and unique deposit states otherwise states up against general assets.
«Special put claim» mode one allege shielded by in initial deposit made pursuant so you can laws for the defense otherwise benefit of a limited classification otherwise kinds regarding individuals, yet not in addition to any allege protected because of the general possessions.
«Transfer» should through the marketing and any other and other function, direct otherwise indirect, off disposing of otherwise out of parting with, assets or with an interest therein, otherwise to the arms thereof, otherwise of repairing a lien on property otherwise on a destination therein, undoubtedly or conditionally, voluntarily, of the otherwise as opposed to judicial process. Brand new retention regarding a safety term so you can possessions taken to an effective borrower are considered a move suffered from the borrower.
5. an excellent. People receiver appointed from inside the a heading significantly less than it act get from the any moment make an application for, and also the Superior Courtroom may grant, like restraining requests, first and you can long lasting injunctions, or any other requests due to the fact are considered requisite and correct in order to prevent:
(9) The and then make of every deals otherwise action to have nonpayment out-of taxes otherwise tests that would lower the value of the latest possessions regarding the newest insurance carrier;
(10) The newest withholding in the person regarding guides, accounts, records and other info relating to the company of one’s insurance company; or
(11) Other endangered otherwise considered action which could lessen the worth of the insurer’s property otherwise bias new legal rights of policyholders, loan providers or shareholders, and/or administration of any proceeding less than which work.