The term also incorporates claims that have become liens up on certain property by the cause from official processes

(3) To possess purposes of the term “insolvency” otherwise “insolvent,” “liabilities” will become, not getting simply for, reserves required by law otherwise because of the laws and regulations of one’s department otherwise particular criteria implemented by administrator abreast of an insurance provider at lifetime of admission or after that thereto.

“Insurer” is sold with everyone interested as indemnitor or contractor in the market off insurance, medical health insurance otherwise from annuities each instance person susceptible to the supervisory power from, or even liquidation, rehab, reorganization otherwise maintenance because of the, new administrator or perhaps the equivalent insurance regulator of another county; everybody else purporting are involved since the indemnitor otherwise specialist for the the firm from life insurance coverage, medical health insurance otherwise away from annuities contained in this Condition; everybody else undergoing team becoming interested because indemnitor otherwise specialist in the market away from life insurance coverage, medical health insurance otherwise regarding annuities; and each fraternal work with neighborhood depending pursuant so you’re able to P.L.1959, c.167 (C.A-1 mais aussi seq.); the common work for connection centered pursuant so you’re able to Roentgen.; all the medical solution company depending pursuant so you can P.L.1938, c.366 (C.-1 et seq.); all the health services business dependent pursuant so you can P.L.1985, c.236 (C.E-step 1 ainsi que seq.); all scientific provider corporation founded pursuant in order to P.L.1940, c.74 (C.A-1 et seq.); the dental care service company dependent pursuant to help you P.L.1968, c.305 (C.C-step 1 et seq.); all dental care bundle company depending pursuant so you’re able to P.L.1979, c.478 (C.); and each fitness repair providers established pursuant to P.L.1973, c.337 (C.26:2J-step 1 ainsi que seq.).

D-1 mais aussi seq

“Common allege” setting any claim which is accorded consideration away from fee regarding standard property of insurance provider pursuant to the specifications of this act.

“Mutual condition” function people condition, aside from that it County, where inside the material and you will loans for bad credit Alaska Thorne Bay AK feeling, subsection an effective. out of point 17 and you can parts 51, 52 and 54 using 56 associated with operate come into force, and also in hence provisions have push requiring new administrator or comparable specialized as the new individual regarding an outstanding insurance provider, and in and therefore particular supply is present to your prevention of fraudulent conveyances and you will preferential transmits.

S.-1 mais aussi seq

“Shielded claim” setting one allege shielded from the home loan, believe deed, guarantee, put while the security, escrow, or otherwise; not and additionally unique deposit says or states against general assets.

“Unique put claim” mode people allege shielded by in initial deposit produced pursuant so you can rules towards the defense or advantage of a restricted class otherwise kinds from individuals, but not in addition to any allege secured by the standard assets.

“Transfer” shall include the sale and just about every other as well as other means, head otherwise indirect, regarding losing otherwise regarding separating having, property otherwise with an interest therein, otherwise into palms thereof, or of fixing a good lien up on property otherwise on an appeal therein, absolutely or conditionally, voluntarily, by the or rather than judicial proceedings. The brand new preservation off a security term in order to assets delivered to a beneficial borrower can be deemed a move suffered from the borrower.

5. an effective. One individual designated from inside the a heading under this operate get at the at any time get, while the Superior Legal may offer, eg restraining purchases, initial and you will long lasting injunctions, and other purchases as could be deemed required and you will best so you can prevent:

(9) Brand new and come up with of any selling or action for nonpayment out of taxes otherwise assessments who lower the worth of the fresh property out-of new insurance provider;

(10) This new withholding throughout the recipient out of books, accounts, records or other info regarding the company of insurance carrier; otherwise

(11) Any other endangered or contemplated step which could reduce the really worth of insurer’s assets or prejudice the newest rights out-of policyholders, loan providers otherwise shareholders, or even the administration of any proceeding significantly less than which operate.