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ROYAL BANK v. SUPT. OF INS.

148 Misc.2d 863 (1990)

In the Matter of the Royal Bank and Trust Company, Petitioner, v. Superintendent of Insurance of the State of New York, as Administrator of the New York Property/Casualty Insurance Security Fund, and as Liquidator of the Union Indemnity Insurance Company of New York, Respondent.

Supreme Court, New York County.

October 24, 1990

Attorney(s) appearing for the Case

Hughes, Hubbard & Reed for petitioner. Herzfeld & Rubin, P. C., for respondent.

IRA GAMMERMAN, J.

In this CPLR article 78 proceeding, petitioner the Royal Bank and Trust Company (Royal) seeks a judgment annulling the determination of the respondent Superintendent of Insurance denying New York Property/Casualty Insurance Security Fund (the Security Fund) coverage for certain claims made upon investor bonds and surety bonds issued by the now...

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