Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.
Preferred claim means any claim with respect to which the law of the state or of the United States accords priority of payments from the general assets of the insurer.
Preferred claim means any claim with respect to which the
Examples of Preferred claim in a sentence
Preferred claim" means any claim with respect to which the terms of IC 27-9 accord priority of payment from the general assets of the insurer.
Preferred claim" means any claim with respect to which the terms of sections 3903.01 to 3903.59 of the Revised Code accord priority of payment from the assets of the insurer.
Preferred claim has a face value, it is redeemable and it has liquida- tion preference over other claims.
More Definitions of Preferred claim
Preferred claim means any claim accorded priority of payment from the insurer's general assets under applicable law.
Preferred claim means any claim with respect to which the law accords priority of payment from the general assets of the insurer.
Preferred claim means any claim with respect to which the terms of sections 3903.01 to 3903.59 of the Revised Code accord priority of payment from the assets of the insurer.
Preferred claim means a Claim enumerated in Section 136(1) of the BIA outstanding as at the Filing Date against the Company, if any, the payment of which will be made in priority to distributions in respect of Affected Creditor Claims;
Preferred claim means any claim which is accorded priority of payment from the general assets of the insurer pursuant to the provisions of this act.
Preferred claim means any claim with respect to which the terms of this
Preferred claim means a claim that receives priority of payment from the general assets of the insurer under this chapter.