In re People

The Superintendent of Insurance moves to disaffirm the report of the referee allowing the claim of the Chase National Bank in the sum of $15,395.27 against General Indemnity Corporation of America, in liquidation. The claim arises under depositor’s forgery bonds issued by the above-mentioned insurer in favor of General Motors Corporation as the insured, and any bank or banks in which the insured carried a deposit account subject to checks, etc., indemnifying the insured or the bank against loss through forgery of these instruments. A loss occurred through payment by the Chase Bank of two…