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SUSSMAN v. OSTROFF

232 N.J. Super. 306 (1989)

556 A.2d 1301

STANLEY SUSSMAN AND FELICE SUSSMAN, HIS WIFE, PLAINTIFFS-APPELLANTS, v. MORTON OSTROFF, SHIRLEY OSTROFF AND 145 IRVING CORP., A NEW JERSEY CORPORATION, JOINTLY, SEVERALLY AND IN THE ALTERNATIVE, DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided April 20, 1989.

Attorney(s) appearing for the Case

Stephen W. Kirsch argued the cause for appellants (Francis J. Hartman, attorney; Stephen W. Kirsch, on the brief).

Joanne Eskin argued the cause for respondents The PMA Group (Rawle & Henderson, attorneys; Alan Greenberg and Joanne Eskin, on the brief).

No brief was filed by respondents Morton Ostroff and Shirley Ostroff.

Before Judges PRESSLER, O'BRIEN and SCALERA.

The opinion of the court was delivered by PRESSLER, P.J.A.D.

The New Jersey Property-Liability Insurance Guaranty Association (Guaranty Association) was created by N.J.S.A. 17:30A-1, et seq., to protect policyholders and claimants of policyholders whose insurers have become insolvent. This protection is afforded by the Guaranty Association's assumption of the insolvent carrier's direct and indemnification obligations within the terms, conditions and...

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