Insolvent insurer definition

Insolvent insurer means a member insurer which, after the effective date of this chapter, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

Insolvent insurer means a member insurer that is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

Insolvent insurer means a member insurer which on or after January 1, 1996, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

Examples of Insolvent insurer in a sentence

• Insolvent insurer" means a member insurer that, after the effective date of this section, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.[PL 2005, c.

• The language in this provision referring to claims for incurred-but-not-reported losses has been inserted to expressly include the existing intent of this provision and make it clear that “policyholder protection” proofs of claim, while valid to preserve rights against the estate of the Insolvent insurer under the Insurers Rehabilitation and Liquidation Act, are not valid to preserve rights against the Association.

• Insolvent insurer" means a member insurer that[: [(A)] has been placed under an order of liquidation with a finding of insolvency by a court in this state or another state [a minimum free surplus, if a mutual insurance company, or required capital, if a stock insurance company, that is impaired to an extent prohibited by law; and [(B) the commissioner designates as an insolvent insurer].

• Insolvent insurer" means a member insurer that is placed under an order of liquidation by a court of competent jurisdiction upon a finding of insolvency.

• Insolvent insurer" means a member insurer which, after July 1, 1989, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

More Definitions of Insolvent insurer

Insolvent insurer means a member insurer which, after July 1, 1989, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

Insolvent insurer means an insurer:

Insolvent insurer means a member insurer which,

Insolvent insurer means a member insurer that, after the

Insolvent insurer means an insurer licensed to transact insurance in this state, either at the time the policy was issued or when the insured event occurred, and against whom a final order of liquidation has been entered after the effective date of this Act with a finding of insolvency by a court of competent jurisdiction in the insurer’s state of domicile.

Insolvent insurer means a member insurer:

Insolvent insurer means an insurer subject to this chap- ter that is placed under an order of liquidation by a court of compe- tent jurisdiction with a finding of insolvency.