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New York Liquidation Bureau
Maria T. Vullo
Superintendent as Receiver
 

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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, in the discharging of the Superintendent's 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.

Legal and Estate Notices:

  • Lincoln General Insurance Company
    An Order to Show Cause seeking approval of an adjudication procedure for Security Fund eligible claims and appointment of a referee was submitted to Court, and the return date on the motion is May 24, 2018.
    --[Read OTSC]
    --[Read Supporting Papers]
  • Touchstone Health HMO, Inc.
    An Order to Show Cause seeking, among other things, an order of liquidation against Touchstone Health HMO, Inc. has been signed by the Supreme Court, Westchester County with a return date of May 7, 2018.
    --[Read OTSC]
    --[Read Supporting Papers]
  • Guarantee Insurance Company
    Guarantee Insurance Company was placed into ancillary receivership, and the Superintendent of Financial Services of the State of New York was appointed ancillary receiver, by an order of the Supreme Court of the State of New York which was filed on January 26, 2018.
    --[Read Notice]
    --[Read Order]
  • Guarantee Insurance Company
    An Order to Show Cause seeking, among other things, an order of ancillary receivership against Guarantee Insurance Company has been signed by the Supreme Court, New York County with a return date of January 25, 2018. The time of the hearing has been rescheduled to 3:00 p.m. on January 25, 2018.
    --[Read Court Notice]
    --[Read Order]
    --[Read Supporting Papers]
  • Park Insurance Company
    An Order to Show Cause seeking, among other things, an order of liquidation against Park Insurance Company has been signed by the Supreme Court, New York County with a return date of November 20, 2017. This matter has been adjourned and the next Court date is April 25, 2018.
    --[Read OTSC]
    --[Read Supporting Papers]
  • Cuatro LLC
    An Order to Show Cause seeking, among other things, an order of liquidation against Cuatro LLC has been signed by the Supreme Court, Queens County with a return date of February 28, 2018
    --[Read OTSC]
    --[Read Supporting Papers]
  • Health Republic Insurance of New York, Corp.
    The return date of the Liquidator’s Order to Show Cause seeking, among other things, approval of the Liquidator’s Report on the status of the Liquidation has been adjourned to February 14, 2018.
    --[Read Notice]
  • Villanova Insurance Company
    An order was filed with the New York County Clerk's office, on December 20, 2017, closing this ancillary receivership proceeding.
    --[Read Order]
  • ICM Insurance Company
    An order was filed with the New York County Clerk’s office on December 22, 2017, closing this liquidation proceeding.
    --[Read Order]
  • American Mutual Insurance Company of Boston / American Mutual Liability Insurance Company
    An order was filed with the New York County Clerk’s office on December 15, 2017, closing these ancillary receivership proceedings.
    --[Read Order]
  • Guarantee Insurance Company
    An Order to Show Cause seeking, among other things, an order of ancillary receivership against Guarantee Insurance Company has been signed by the Supreme Court, New York County with a return date of January 25, 2018.
    --[Read Order]
    --[Read Supporting Papers]
  • Health Republic Insurance of New York, Corp.
    An Order to Show Cause seeking, among other things, approval of the Liquidator’s Report on the status of the Liquidation has been signed by the Court with a return date of February 7, 2018. Additional information about the Health Republic liquidation can be found at www.healthrepublicny.org.
    --[Read OTSC and Supporting Papers]
  • Villanova Insurance Co.
    An Order to Show Cause seeking, among other things, approval of a final report and closure of this ancillary proceeding has been signed by the Supreme Court, New York County, with a return date of December 19, 2017.
    --[Read Order]
    --[Read Supporting Papers]
  • More...