Railroad Roofing & Building Supply Co. v. Financial Fire & Casualty Co.

The opinion of the Court was delivered by

SULLIVAN, J.

The issue presented on appeal in these three consolidated cases 1 involves the applicability of the New Jersey Property-Liability Insurance Guaranty Association Act, N.J.S.A. 17:30A-1 et seq. (Guaranty Act), as it existed prior to February 22, 1980, to surplus lines insurance carriers. 2 The particular question of insurance law common to these cases is whether New Jersey claims covered by policies issued by out-of-state surplus lines insurers, who thereafter became insolvent, fall within the protective scope of the Guaranty Act. Two trial…