Arnold Chait, Ltd. v. La Metropolitana, Compania Nacional De Seguros

The plaintiff moves to dismiss the answer, pursuant to subdivision 3 of section 59-a of the Insurance Law, or, in the alternative, to compel defendants to deposit security pursuant to said statute. This action is for the return of premiums on policies placed with the defendants, all of which are alien insurance companies not authorized to do business within the State. The action was commenced by service of a summons by publication, after issue of a warrant of attachment and levy by the Sheriff on a bank account.

Section 59-a of the Insurance Law is the New York State version of a Uniform…