New York State Home
New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 

Web NYLB
Google
  
 

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, and acts on his behalf in the discharging of his 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:
  • Lumbermen's Underwriting Alliance
    An Order of Ancillary Receivership was filed with the New York County Clerk’s office on July 27, 2016.
    --[Read Order]
    --[Read Notice]
  • Eveready Insurance Company
    An order approving adjudication procedures for Security Fund eligible claims was filed by the Court on July 20, 2016.
    --[Read Order]
  • ICM Insurance Company
    An Order to Show Cause seeking authority for the Liquidator to enter into an agreement to assign ICM’s remaining reinsurance receivables was signed by the Court with a return date of September 13, 2016. This application was subsequently withdrawn.
  • Professional Liability Insurance Company of America
    An Order to Show Cause seeking authority for the Liquidator to enter into an Early Access Agreement with certain Guaranty Associations has been signed by the Court with a return date of September 15, 2016.
    --[Read OTSC and Supporting Papers]
    --[Read Notice]
  • Lumbermen's Underwriting Alliance
    An Order to Show Cause seeking the commencement of an ancillary receivership has been signed by the Court with a return date of July 25, 2016.
    --[Read OTSC and Supporting Papers]
  • American Mutual Liability Insurance Company
    An Order to Show Cause seeking approval of an agreement for the assumption of an excess workers’ compensation claim has been submitted to the Court with a return date of July 14, 2016. The hearing has been adjourned to September 8, 2016.
    --[Read OTSC and Supporting Papers]
  • Professional Liability Insurance Company of America
    An Order to Show Cause seeking to set June 30, 2017 as the bar date for the submission of all claims against PLICA or its insureds, including claims reportable under any extended reporting period endorsements of policies issued by PLICA, has been signed by the Court with a return date of August 18, 2016.
    --[Read OTSC and Supporting Papers]
    --[Read Notice]
  • Newark Insurance Company
    An amended order was filed with the New York County Clerk’s office on May 10, 2016, closing the ancillary receivership proceeding.
    --[Read Amended Order]
  • Health Republic Insurance of New York, Corp.
    At a hearing held on May 10, 2016, Health Republic Insurance of New York, Corp. was placed into liquidation and the Superintendent of Financial Services of the State of New York was appointed as liquidator. The order of liquidation was filed with the New York County Clerk on May 11, 2016. Inquiries may be directed to the Health Republic call center toll-free at (866) 680-0893 or the website at www.healthrepublicny.org.
    --[Read Order]
    --[Read Transcript of Hearing]

    En una audiencia celebrada el 10 de Mayo de 2016, República de Seguros de Salud de Nueva York, Corp. se colocó en la liquidación y la Superintendencia de Servicios Financieros del Estado de Nueva York fue designado como liquidador. La orden de liquidación se presentó ante el Secretario del Condado de Nueva York el 11 de Mayo de 2016. Favor dirigir todas las consultas sobre República de Seguros de Salud de Nueva York, Corp. al centro de llamadas de República de Seguros de Salud de Nueva York, Corp. al número gratuito (866) 680-0893 o visitar la página web al www.healthrepublicny.org.
    --[Lea La Orden]
    --[Lea la Transcripción de la Audencia]

  • Health Republic Insurance of New York, Corp.
    An Order to Show Cause seeking, among other things, an order of liquidation against Health Republic Insurance of New York, Corp. has been signed by the New York State Supreme Court with a return date of May 10, 2016. Inquiries may be directed to the Health Republic call center toll-free at (866) 680-0893 or the website at www.healthrepublicny.org.
    --[Read OTSC and supporting documents]
  • Eveready Insurance Company
    An Order to Show Cause seeking, among other things, approval of the Liquidator’s Report on the status of the Liquidation, has been submitted to the Court with a return date of June 29, 2016.
    --[Read OTSC and supporting documents]
    --[Read Notice]
  • Professional Liability Insurance Company of America
    An order was filed with the New York County Clerk’s office, on March 22, 2016, approving the Liquidator’s report on the status of the liquidation of PLICA and the financial transactions delineated therein.
    --[Read Order]
  • Nassau Insurance Company
    An order was filed with the New York County Clerk’s office, on March 8, 2016, closing this liquidation proceeding.
    --[Read Order]
  • United Community Insurance Company
    An order was filed with the Schenectady County Clerk’s office, on February 25, 2016, closing this liquidation proceeding.
    --[Read Order]
  • Newark Insurance Company
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this ancillary receivership proceeding, has been submitted to the Court with a return date of April 26, 2016.
    --[Read OTSC and supporting documents]
    --[Read Notice]
  • Drivers Insurance Company
    An order approving adjudication procedures for claims other than Security Fund eligible claims and appointing a referee was filed with the Court on February 5, 2016.
    --[Read Order]
  • More...