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CLIFFORD v. CONCORD INS. CO.

114 N.J. Super. 168 (1971)

275 A.2d 454

ROBERT L. CLIFFORD, COMMISSIONER OF INSURANCE OF THE STATE OF NEW JERSEY, PLAINTIFF, v. CONCORD INSURANCE COMPANY, A NEW JERSEY CORPORATION, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided March 15, 1971.

Attorney(s) appearing for the Case

Mr. James J. Sheeran, for plaintiff.

Messrs. Theodore A. Winard, Deputy Attorney General, Jerome C. Eisenberg, for defendant.

HERBERT, J.S.C.

Plaintiff brought this action under N.J.S.A. 17:30-1 "for an order granting him possession of the property and business of" defendant. The statute goes on to provide that the Commissioner "retain possession until the company resumes business or its affairs are finally liquidated as hereinafter provided." An order granting possession was signed June 12, 1970.

Chapter 30 of Title 17 says little in a direct way about the principles to be...

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