Consolidated Mutual Insurance v. Keepnews

Proceeding pursuant to CPLR article 78 to review a determination of respondent, dated March 4, 1975 and made after a hearing, which (1) penalized petitioner $2,000 for violating section 78 (subd 4) of the Insurance Law and (2) ordered petitioner to take appropriate action to recover moneys improperly paid to one of its directors. Determination modified, on the law, by reducing the penalty to the sum of $500. As so modified, determination confirmed, with costs to respondent. No findings of fact were reviewed on this proceeding. Petitioner entered into an agreement to pay one of its directors…