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(3) Getting purposes of the word “insolvency” otherwise “insolvent,” “liabilities” will were, but not be limited to, supplies required by legislation or because of the laws and regulations of your institution or certain conditions enforced of the commissioner abreast of an enthusiastic insurance company from the time of entry otherwise after that thereto.

“Insurer” has anyone involved because the indemnitor otherwise specialist in the industry out of insurance, health insurance otherwise out of annuities and each such individual at the mercy of the fresh supervisory authority regarding, or perhaps to liquidation, rehab, reorganization otherwise conservation by the, the brand new commissioner or the comparable insurance coverage regulator of another state; everybody else purporting become engaged once the indemnitor otherwise company within the the business away from insurance, health insurance or out-of annuities inside County; everyone else in the process of company being engaged due to the fact indemnitor or specialist in the industry off life insurance, medical health insurance or off annuities; each fraternal benefit neighborhood built pursuant so you’re able to P.L.1959, c.167 (C.A-1 mais aussi seq.); all of the mutual benefit association dependent pursuant so you’re able to R.; all the health services organization depending pursuant to P.L.1938, c.366 (C.-step 1 ainsi que seq.); every fitness solution organization built pursuant in order to P.L.1985, c.236 (C.E-1 mais aussi seq.); all scientific service enterprise built pursuant in order to P.L.1940, c.74 (C.A-step one ainsi que seq.); every dental care service organization created pursuant to P.L.1968, c.305 (C.C-step one ainsi que seq.); most of the dental plan team founded pursuant to help you P.L.1979, c.478 (C.); each wellness fix providers created pursuant so you’re able to P.L.1973, c.337 (C.26:2J-step one et seq.).

D-step one ainsi que seq

“Common claim” function one allege that’s accorded top priority away from payment regarding standard possessions of one’s insurance carrier pursuant on specifications of act.

“Mutual condition” means one state, other than it Condition, where in compound and you may feeling, subsection good. away from section 17 and you can sections 51, 52 and you can 54 as a consequence of 56 on the operate come in force, plus in and this specifications are in force requiring the new commissioner or similar formal to get the new receiver off an unpaid insurer, along with and this certain supply is available into the prevention of fraudulent conveyances and you will preferential transfers.

S.-step one et seq

“Secure allege” function people allege secured from the mortgage, trust action, vow, put because safeguards, escrow, or else; yet not as well as unique deposit says otherwise says up against general possessions.

“Unique deposit claim” setting one allege secure from the a deposit made pursuant to rules to your security otherwise benefit of a restricted classification otherwise groups out-of individuals, however and additionally one allege safeguarded because of the standard property.

“Transfer” shall include the profit and just about every other as well as other setting, direct otherwise secondary, away from disposing of or out of parting having, possessions otherwise with an intention therein, or into the possession thereof, otherwise from restoring an effective lien up on property otherwise on an attraction therein, seriously otherwise conditionally, voluntarily, of the or as opposed to official legal proceeding. Brand new preservation out-of a security label to help you assets taken to good borrower should be deemed a move suffered of the borrower.

5. a. Any individual appointed in the a heading less than which act may during the when apply for, and also the Premium Judge can get grant, such as for instance restraining orders, first and long lasting injunctions, and other instructions once the may be deemed requisite and you can proper so you can prevent:

(9) The new and come up with of any revenue otherwise action to possess nonpayment regarding taxes or examination who reduce the property value new property out of the fresh insurance provider;

(10) The new withholding about person regarding instructions, membership, records or any other information regarding the company of insurance company; or

(11) All other threatened or considered action that might decrease the worthy of of insurer’s possessions or bias the fresh liberties out-of policyholders, loan providers otherwise investors, and/or government of every proceeding lower than that it work.