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MANO ENTERPRISES, INC. v. METROPOLITAN LIFE INS. CO.

652486/13, 1990, 1889.

143 A.D.3d 597 (2016)

2016 NY Slip Op 06951

39 N.Y.S.3d 754

MANO ENTERPRISES, INC., Respondent, v. METROPOLITAN LIFE INSURANCE COMPANY, Appellant.

Appellate Division of the Supreme Court of New York, First Department.

Decided October 25, 2016.

Plaintiff contends that defendant deprived it of an ownership right under its insurance policy by placing a hold on the policy that prevented plaintiff from assigning it to a third party, which resulted in the lapse of the policy due to nonpayment of the premium. There is an issue of fact as to whether defendant appropriately refused to process the assignment of the policy (see Ashwood Capital, Inc. v OTG Mgt., Inc., 99 A.D.3d 1...

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