California Codes > Insurance Code > Division 1 > Part 2 > Chapter 1 > Article 13 – Insolvency
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Terms Used In California Codes > Insurance Code > Division 1 > Part 2 > Chapter 1 > Article 13 - Insolvency
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Conviction: A judgement of guilt against a criminal defendant.
- County: includes "city and county. See California Insurance Code 14
- Customer: means any person who requests a repairperson to do work on a vessel which is in the possession of that person. See California Harbors and Navigation Code 410
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26
- Foreign: means not organized under the laws of this State, whether or not admitted. See California Insurance Code 27
- insolvency: means either of the following:
California Insurance Code 985
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- liability: includes liability for losses reported, expenses, taxes, and all other indebtedness not included in those categories. See California Insurance Code 980
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: includes a trust deed, "mortgagor" includes a trustor under such trust deed, "mortgagee" includes a beneficiary under such trust deed, or a trustee exercising powers or performing duties granted to or imposed upon him thereunder, and "lien" in respect to real or personal property includes a charge or incumbrance arising out of a trust deed. See California Insurance Code 29
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Harbors and Navigation Code 19
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- Repairperson: means any person engaged in the business of repairing vessels. See California Harbors and Navigation Code 410
- State: means the State of California, unless applied to the different parts of the United States. See California Harbors and Navigation Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
- Trustee: A person or institution holding and administering property in trust.
- Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21
- Vessel: means any vessel which is subject to registration with the Department of Motor Vehicles and which is manufactured or used for noncommercial purposes or is leased, rented, or chartered to another for noncommercial use. See California Harbors and Navigation Code 410