Preferred claim definition

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

• If a collecting bank, paying bank, or returning bank receives settlement from a subsequent bank for a check or returned check, which settlement is or becomes final, and suspends payments without making a settlement for the check with the prior bank, which is or becomes final, the prior bank has a claim against the collecting bank or returning bank.(c) Preferred claim against presenting bank for breach of warranty.

• Preferred claim against payor bank by owner of unsettled item.--If a payor bank finally pays an item and suspends payments without making a settlement for the item with its customer or the presenting bank which settlement is or becomes final, the owner of the item has preferred claim against the payor bank.

• 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.

• According to the 2017- 18 Pakistan Demographic and Health Survey (PDHS), approximately 29% of women experienced physical or sexual violence: 23% experienced only physical violence, 1% experienced only sexual violence, and 5% experienced both physical and sexual violence.

• Poverty has the power to destroy lives and break families apart, isolates people from friends and family, shatters confidence and self-respect.

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.