The term also contains states which have be liens abreast of specific property from the cause regarding official techniques
(3) Having reason for the word “insolvency” or “insolvent,” “liabilities” should tend to be, but not feel limited to, reserves required by rules otherwise because of the rules of the company or certain requirements imposed by administrator through to an enthusiastic insurance carrier in the time of admission otherwise next thereto.
“Insurer” has folks engaged since indemnitor or specialist in the industry away from insurance, health insurance or out of annuities and each including people subject to the supervisory expert out-of, or even liquidation, rehabilitation, reorganization or preservation from the, brand new administrator or even the equivalent insurance regulator of another condition; everyone purporting becoming involved because indemnitor otherwise builder from inside the the organization of life insurance, medical insurance or away from annuities in this County; every person in the process of team being involved because indemnitor otherwise builder in the business of insurance, medical insurance otherwise from annuities; and every fraternal work with people built pursuant in order to P.L.1959, c.167 (C.A-1 ainsi que seq.); most of the shared work for relationship based pursuant so you’re able to R.; all of the medical solution enterprise established pursuant to P.L.1938, c.366 (C.-step one et seq.); all the wellness provider agency founded pursuant so you’re able to P.L.1985, c.236 (C.E-step one ainsi que seq.); all of the medical services company created pursuant in order to P.L.1940, c.74 (C.A-step one mais aussi seq.); most of the dental service organization depending pursuant to help you P.L.1968, c.305 (C.C-1 mais aussi seq.); the dental care package team situated pursuant in order to P.L.1979, c.478 (C.); and every health restoration organization dependent pursuant in order to P.L.1973, c.337 (C.26:2J-1 ainsi que seq.).
D-1 ainsi que seq
“Common allege” means one claim that is accorded concern off percentage from the general assets of your insurer pursuant towards conditions with the act.
“Reciprocal condition” form people state, apart from that it State, in which during the material and impact, subsection a beneficial. away from section 17 and you will areas 51, 52 and 54 using 56 regarding the operate are in push, plus in and this specifications are in force demanding brand new administrator otherwise similar authoritative as the brand new receiver regarding an unpaid insurer, and also in and that some provision is present with the prevention out-of fraudulent conveyances and you will preferential transfers.
S.-1 et seq
“Secured claim” setting one claim secured by mortgage, believe action, guarantee, put just like the protection, escrow, if not; although not also unique put states otherwise claims against general property.
“Special put claim” mode one claim covered of the in initial deposit generated pursuant in order to rules to the safety or benefit of a finite group otherwise groups away from persons, yet not in addition to people allege safeguarded because of the general property.
“Transfer” should through the revenue and just about every other and differing means, lead otherwise secondary, out-of getting rid of or out of parting that have, possessions otherwise with an interest therein, otherwise towards the arms thereof, or away from fixing a good lien upon property or abreast of an attraction therein, definitely otherwise conditionally, willingly, by the or without judicial legal proceeding. This new retention away from a protection name to help you possessions brought to a beneficial borrower is going to be deemed a transfer sustained by borrower.
5. an effective. People receiver designated in a proceeding below this work get within anytime submit an application for, and the Premium Court get give, such as for instance restraining purchases, original and permanent injunctions, and other requests just like the can be deemed required and you will best so you can prevent:
(9) The new and make of any product sales or deed having nonpayment regarding fees or assessments who would lower the cash advance in Shaw Heights Colorado value of new possessions from the new insurance provider;
(10) The fresh new withholding from the recipient regarding courses, membership, data files or other records regarding the organization of insurance provider; otherwise
(11) Virtually any endangered or considered action which may decrease the worthy of of insurer’s possessions or bias the liberties of policyholders, loan providers or investors, or the government of any continuing around it act.
