The definition of comes with says with be liens up on certain possessions from the need regarding judicial process

(3) For purposes of the definition of “insolvency” or “insolvent,” “liabilities” shall were, although not become simply for, supplies required by legislation or by legislation of one’s institution or specific standards enforced by the administrator through to a keen insurance carrier on time of entryway otherwise subsequent thereto.

“Insurer” boasts everyone interested since the indemnitor otherwise contractor in the industry from life insurance, health insurance otherwise of annuities and every particularly person subject to the fresh new supervisory authority of, or even to liquidation, rehab, reorganization otherwise maintenance from the, the newest commissioner or perhaps the equivalent insurance policies regulator of some other condition; everyone purporting to be interested because the indemnitor or contractor inside the business from coverage, health insurance or away from annuities inside Condition; anyone in the process of providers being involved as indemnitor otherwise contractor in the business off term life insurance, medical health insurance or off annuities; and each fraternal work for area built pursuant so you’re able to P.L.1959, c.167 (C.A-step one mais aussi seq.); most of the common work for relationship founded pursuant so you’re able to R.; every health provider company situated pursuant in order to P.L.1938, c.366 (C.-1 ainsi que seq.); every health solution organization dependent pursuant so you’re able to P.L.1985, c.236 (C.E-1 mais aussi seq.); most of the medical service enterprise created pursuant in order to P.L.1940, c.74 (C.A-step one mais aussi seq.); the dental service enterprise depending pursuant so you’re able to P.L.1968, c.305 (C.C-1 mais aussi seq.); most of the dental care bundle organization founded pursuant so you can P.L.1979, c.478 (C.); each wellness restoration organization based pursuant to help you P.L.1973, c.337 (C.26:2J-step one et seq.).

D-step one mais aussi seq

“Prominent allege” function one claim that’s accorded concern out of payment on the standard property of your own insurance company pursuant on the provisions of this work.

“Mutual county” setting any state, aside from that it County, where for the compound and perception, subsection a great. off area 17 and areas 51, 52 and you may 54 compliment of 56 associated with work have been in force, along with hence terms are in push requiring the newest administrator or comparable authoritative are the brand new receiver regarding a delinquent insurance company, and in and that some provision is present on the protection out-of fraudulent conveyances and you can preferential transfers.

S.-step one mais aussi seq

“Protected allege” setting one claim secure from the financial, trust deed, hope, put given that cover, escrow, or otherwise; not and unique put says otherwise states facing standard possessions.

“Unique put claim” function any claim safeguarded from the in initial deposit generated pursuant so you can legislation towards the defense or advantage of a limited group otherwise groups off persons, although not including people allege shielded by the general possessions.

“Transfer” Montana banks personal loans will are the purchases and every other as well as other setting, direct otherwise secondary, out-of losing or out of separating having, property or with an interest therein, or towards the palms thereof, or out of repairing a good lien on property otherwise abreast of an appeal therein, seriously or conditionally, willingly, of the or instead judicial legal proceeding. The brand new storage away from a safety term in order to property delivered to a good borrower would be deemed an exchange sustained of the borrower.

5. a great. One individual designated inside a proceeding less than this work could possibly get on any moment apply for, and also the Advanced Courtroom can get offer, such as restraining sales, original and you can permanent injunctions, or any other requests as may be deemed required and correct to help you prevent:

(9) The newest and come up with of every sales otherwise action to have nonpayment from taxation or assessments that would lower the property value the fresh new possessions off the fresh insurance company;

(10) Brand new withholding regarding the person off guides, account, data or other ideas concerning the providers of insurance provider; otherwise

(11) Every other threatened or considered action that may decrease the well worth of your own insurer’s property or bias the newest legal rights regarding policyholders, loan providers otherwise shareholders, and/or government of any proceeding below that it work.