Regulation of Insurance Companies and the Role of the National Association of Insurance Commissioners: Hearing Before the Subcommittee on Policy Research and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Second Congress, First Session, July 29, 1991, Opseg 4U.S. Government Printing Office, 1991 - Broj stranica: 291 |
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accreditation action adopted Alabama alien insurer assets assuming insurer authority banks BEN ERDREICH cash ceding insurer Chairman ERDREICH claimants compensation CONGRESS THE LIBRARY consumers Credit for Reinsurance creditors database death benefits direct insurance domiciliary liquidator effective examination filing financial institutions financial ratios Financial Regulation Standards financial statements guaranty fund Holding Company insert proper court insolvency Insurance Commissioners insurance companies insurance departments insurance guaranty fund insurance industry insurance regulation insurer's investment kinds of direct legislation letter of credit liability LIBRARY OF CONGRESS licensed lien Managing General Agent MCCARTNEY Mike Weaver Model Act model laws Mortgage Guaranty NAIC model NAIC standard coverage NAIC's obligation Ocean Marine insurance payment Pennsylvania person petition policyholders problems recorder of deeds regulatory Rehabilitation and Liquidation reinsurance agreement reports requirements solvency regulation Subsection supplemental contracts Surety tax offset transactions transfer troubled companies troubled insurers trust agreement unallocated annuity
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Stranica 234 - Transfer" shall include the sale and every other and different mode, direct or indirect, of disposing of or of parting with property or with an interest therein or with the possession thereof or of fixing a lien upon property or upon an interest therein, absolutely or conditionally, voluntarily or involuntarily, by or without judicial proceedings, as a conveyance, sale, assignment, payment, pledge, mortgage, lien, encumbrance, gift, security, or otherwise...
Stranica 240 - The filing or recording of such order in any record office of the state shall impart the same notice that a deed, bill of sale or other evidence of title duly filed or recorded by such corporation would have imparted.
Stranica 76 - Except with the written consent of the Corporation, no person shall serve as a director, officer, or employee of an insured bank who has been convicted, or who is hereafter convicted, of any criminal offense involving dishonesty or a breach of trust.
Stranica 251 - A preference is a transfer, as defined in this Act, of any of the property of a debtor to or for the benefit of a creditor for or on account of an antecedent debt, made or suffered by such debtor while insolvent and within four months before the filing by or against him of the petition...
Stranica 263 - Debts owing to the United States, a State, a county, a district, or a municipality as a penalty or forfeiture shall not be allowed, except for the amount of the pecuniary loss sustained by the act, transaction, or proceeding out of which the penalty or forfeiture arose, with reasonable and actual costs occasioned thereby and such interest as may have accrued thereon according to law.
Stranica 234 - Special Deposit Claim" means any claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including any general assets. (11) "Secured Claim...
Stranica 245 - ... seal, special deputy commissioners, as his agents, and to employ such clerks and assistants and to give to each of them such power as may by him be deemed necessary. The compensation of special deputy commissioners, clerks and assistants appointed to carry out the provisions of this article, and all expenses of taking possession of, conserving, conducting, liquidating, disposing of or otherwise dealing with the business and property of such person under this article, shall be fixed by the commissioner,...
Stranica 240 - ... (2) As domiciliary receiver the commissioner shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books and records of the insurer wherever located, as of the date of entry of...
Stranica 233 - Fair consideration is given for property, or obligation — (a) When in exchange for such property, or obligation, as a fair equivalent therefor, and in good faith, property is conveyed or an antecedent debt is satisfied ; or...
Stranica 251 - ... (1) A transfer of any of the property of the bankrupt, other than real estate, made to a person acting in good faith shall be valid against the trustee if made for a present fair equivalent value or, if not made for a present fair equivalent value, then to the extent of the present consideration actually paid therefor, for which amount the transferee shall have a lien upon the property so transferred...