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The NYLB's office is operating on a remote basis. You may continue to communicate with us by email.
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:
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OneTitle National Guaranty Company, Inc.
OneTitle National Guaranty Company, Inc. was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York, which was signed on October 6, 2020.
--[Read Order]
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Park Insurance Company
Park Insurance Company was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York, which was signed on September 22, 2020.
--[Read Order]
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Quality Health Plans of New York, Inc.
Quality Health Plans of New York, Inc. was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York, which was signed on September 8, 2020.
--[Read Order]
OneTitle National Guaranty Company, Inc.
An Order to Show Cause seeking, among other things, an order of liquidation against OneTitle National Guaranty Company, Inc. was signed by
the Supreme Court, New York County with a return date of October 5, 2020.
--[Read OTSC]
--[Read Supporting Papers]
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Alliance National Insurance Company
Alliance National Insurance Company was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York which was signed on August 21, 2020.
--[Read Order]
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Alliance National Insurance Company
An Order to Show Cause seeking, among other things, an order of liquidation against Alliance National Insurance Company was signed by the Supreme Court, Nassau County, with a return date of September 2, 2020. The return date for the Order to Show Cause has been advanced to Wednesday, August 19, 2020.
--[Read OTSC]
--[Read Supporting Papers]
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Quality Health Plans of New York, Inc.
An Order to Show Cause seeking, among other things, an order of liquidation against Quality Health Plans of New York, Inc. was signed by the Supreme Court, New York County with a return date of August 19, 2020.
--[Read OTSC]
--[Read Supporting Papers]
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Maidstone Insurance Company
Maidstone Insurance Company was placed into liquidation, and the Superintendent of Financial Services of the State of New York was appointed liquidator, by an order of the Supreme Court of the State of New York which was signed on February 13, 2020.
--[Read Order]
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Northwestern National Insurance Company of Milwaukee, Wisconsin
An order closing and disposing of the ancillary proceeding was filed by the Court on January 27, 2020.
--[Read Order]
- More...
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