P. I. P. Agency, Inc. v. ITT Life Insurance

Motion by plaintiff for an order dismissing the affirmative defenses is denied, and

Motion by defendant for an order dismissing the complaint and for judgment is granted.

Defendant insurance company entered into a general agency agreement with plaintiff agency on March 9, 1970, and executed therewith a general agent’s expense reimbursement allowance agreement in accordance with section 213 of the New York Insurance Law.

About April 1, 1970, according to the complaint, a former officer of defendant insurance company signed an undated letter of intent whereby defendant company was obligated to pay…