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New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 

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The New York Liquidation Bureau (NYLB) is a unique entity. Receiving no funding from taxpayers, it carries out the responsibilities of the Superintendent of Financial Services as Receiver, in the discharging of the Superintendent's statutorily defined duties to protect the interests of the policyholders and creditors of insurance companies that have been declared impaired or insolvent.

The NYLB has performed this function since 1909, when the New York State Legislature passed the law mandating that the Superintendent assume the separate responsibility of Receiver. In the case of each insurance company in receivership, the Superintendent as Receiver is appointed by the New York State Supreme Court. The Court approves all of the actions of the Superintendent, and by extension those of the NYLB.
[Read the NYLB Mission Statement]

Legal and Estate Notices:
  • Health Republic Insurance of New York, Corp.
    An Order to Show Cause seeking, among other things, appointment of referees and authorization to engage a medical review service provider has been signed by the Supreme Court, New York County, with a return date of May 17, 2017.
    --[Read Order and Supporting Papers]
  • Castlepoint National Insurance Company
    An Order to Show Cause seeking, among other things, an order of ancillary receivership against CastlePoint National Insurance Company has been signed by the Supreme Court, New York County with a return date of May 3, 2017. This matter has been adjourned to June 7, 2017; working copies of opposition papers must be submitted by May 24, 2017.
    --[Read May 17, 2017 Order]
    --[Read April 6, 2017 Order]
    --[Supporting Papers]
  • Fiduciary Insurance Company of America
    An Order to Show Cause seeking, among other things, an order of liquidation against Fiduciary Insurance Company of America has been signed by the Supreme Court, Queens County with a return date of May 2, 2017. This matter has been adjourned to June 7, 2017; any opposition is due by May 24, 2017.
    --[Read Order]
    --[Supporting Papers]
  • Health Republic Insurance of New York, Corp.
    The Liquidator of Health Republic Insurance of New York, Corp. invites qualified applicants to submit their credentials to serve as Court-appointed Referees and/or Medical Claims Examiners in the Health Republic liquidation proceeding. --[Read Invitation for Referees and Medical Claims Examiners]
  • Health Republic Insurance of New York, Corp.
    An Order to show Cause seeking an order confirming that, notwithstanding the existence of an anti-assignment provision in a Health Republic insurance policy, the Liquidator may, where appropriate, make an allowed payment directly to a health care provider for the costs of covered services, whether the claim for payment was made by the policyholder, the health care provider, or both, was filed by the Court on January 25, 2017. The hearing on the application has been scheduled for February 17, 2017 at 10:00 a.m. Additional information about the Health Republic liquidation can be found at www.healthrepublicny.org.
    --[Read Order and Supporting Documents]
    --[Read Notice]
  • More...