Fox v. Corcoran

Proceeding pursuant to CPLR article 78 to review a determination of the respondent New York State Department of Insurance, dated December 16, 1988, which, after a hearing, suspended the petitioners’ license to sell insurance for a period of not less than one year and directed them to pay "as penalty and forfeit”, the sum of $269,750 pursuant to Insurance Law §§ 109 and 2117.

Adjudged that the petition is granted, on the law, without costs or disbursements, to the extent that the penalty imposed is annulled, the determination is otherwise confirmed, and the matter is remitted to the respondent…