Financially impaired definition
Financially impaired means a carrier which, after the effective
Financially impaired means a carrier which, after the effective date of this act, is not insolvent, but is deemed by the commissioner to be potentially unable to fulfill its contractual obligations or a carrier which is placed under an order of rehabilitation or conservation by a court of competent jurisdiction.
Financially impaired means a member that is not insolvent and is:
More Definitions of Financially impaired
Financially impaired means, for the purposes of this chapter, a carrier that, on or after the effective date of this chapter, is not insolvent and is either:
Financially impaired means a member which, after the effective date of this act, is not insolvent but is:
Financially impaired means a carrier or health maintenance
Financially impaired means a carrier or health maintenance organization which, after the effective date of P.L.1995, c.229 (C.17B:26A-12 et seq.), is not insolvent, but is deemed by the commissioner to be potentially unable to fulfill its contractual obligations, or a carrier or health maintenance organization which is under an order of rehabilitation or conservation by a court of competent jurisdiction.
Financially impaired means that a risk retention group:
Financially impaired means a member that] “Financial impairment” means that a carrier is not insolvent and is:
Financially impaired means (i) the filing of a voluntary or involuntary proceeding in bankruptcy or receivership in a court of competent jurisdiction or appointment of a trustee or receiver as a result of a proceeding in a court of competent jurisdiction and the continuance of such proceeding for a period of ninety (90) days without dismissal, or (ii) the entry into any arrangement, composition or reorganization for the benefit of creditors.