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(3) To own reason for the phrase “insolvency” or “insolvent,” “liabilities” should include, although not feel restricted to, reserves required by rules otherwise because of the statutes of agency or specific standards implemented of the commissioner up on a keen insurer at time of entry or further thereto.

“Insurer” includes everyone interested while the indemnitor or company in the business from term life insurance, medical insurance or of annuities and each such as people susceptible to the new supervisory authority off, or even to liquidation, treatment, reorganization or preservation because of the, the latest administrator and/or comparable insurance rates regulator of another condition; anyone purporting to-be involved due to the fact indemnitor otherwise specialist in the the firm away from term life insurance, health insurance otherwise regarding annuities within this Condition; everyone in the process of company being involved given that indemnitor otherwise company in the business off life insurance policies, medical health insurance otherwise of annuities; and each fraternal work with people founded pursuant to help you P.L.1959, c.167 (C.A-1 mais aussi seq.); most of the common work with connection based pursuant to R.; all of the hospital service firm created pursuant so you can P.L.1938, c.366 (C.-step one mais aussi seq.); every wellness provider organization created pursuant to P.L.1985, c.236 (C.E-step one ainsi que seq.); most of the scientific services business dependent pursuant in order to P.L.1940, c.74 (C.A-1 mais aussi seq.); all of the dental care solution company situated pursuant in order to P.L.1968, c.305 (C.C-1 mais aussi seq.); all dental bundle company established pursuant to P.L.1979, c.478 (C.); and every wellness repairs team built pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step one ainsi que seq.).

D-1 et seq

“Popular allege” form one claim which is accorded priority of commission regarding general property of one’s insurance provider pursuant toward terms of act.

“Reciprocal county” means any condition, besides that it County, where for the substance and impression, subsection an excellent. regarding part 17 and you will sections 51, 52 and you can 54 courtesy 56 in the work are in push, and in hence provisions are in force requiring the commissioner otherwise similar certified as the fresh receiver out-of an unpaid insurance company, and also in and this specific provision can be found into the cures of deceptive conveyances and preferential transfers.

S.-step 1 mais aussi seq

“Protected allege” setting people claim shielded because of the financial, faith action, vow, put while the safeguards, escrow, if not; however in addition to unique deposit claims otherwise says up against standard property.

“Unique deposit allege” setting people claim secure by the a deposit produced pursuant to rules into the cover or advantage of a limited category otherwise kinds of persons, however and people allege protected because of the standard property.

“Transfer” should range from the sales and any other and different mode, direct or secondary, out-of getting rid of otherwise from parting which have, assets otherwise with an intention therein, otherwise with the possession thereof, otherwise from fixing a good lien through to possessions or through to an interest therein, absolutely otherwise conditionally, voluntarily, from the otherwise without official proceedings. The brand new retention from a safety label so you’re able to property taken to a beneficial borrower are considered a transfer sustained because of the debtor.

5. an effective. People recipient appointed inside the a heading under which operate can get from the at any time apply for, additionally the Advanced Judge could possibly get offer, such as for example restraining instructions, first and you can long lasting injunctions, or any other orders while the are deemed expected and proper in order to prevent:

(9) The fresh new while making of every income otherwise deed getting nonpayment out of taxation or examination who does decrease the property value this new assets off the new insurance provider;

(10) The newest withholding in the individual of instructions, accounts, records or any other information relating to the company of one’s insurer; or

(11) Other threatened otherwise contemplated step that might lessen the worth loans Clewiston of your own insurer’s assets or prejudice the brand new liberties out of policyholders, financial institutions otherwise investors, or even the management of any proceeding significantly less than that it act.