Legal Opinion
In re the Ancillary Receivership of Reliance Insurance
Appellate Division of the Supreme Court of the State of New York
Decided December 7, 2006PublishedCited by 1 opinion
1Opinion of the Court
Order, Supreme Court, New York County (Michael D. Stall-man, J.), entered September 1, 2005, which disaffirmed a Referee’s report recommending that the claim should be granted, unanimously affirmed, without costs.
The court correctly determined that the Referee’s conclusions were erroneous and that the Superintendent’s determination was rational and in conformity with the applicable statutes. Although the New York Property/Casualty Insurance Security Fund was established by the Legislature to protect New York residents from the potentially devastating effects of insurance company failures…
2Cases cited3 opinions
- In re Allcity InsuranceAppellate Division of the Supreme Court of the State of New York · 1979
- In re the Liquidation of Consolidated Mutual InsuranceNew York Court of Appeals · 1983
- Snyder Tank Corp. v. Superintendent of InsuranceNew York Supreme Court · 1988
3Cited by1 opinion
- Merchants Ins. Group v. Mitsubishi Motor Credit AssociationDistrict Court, E.D. New York · 2010