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.
Competitive Bidding Notices:
RFP: Trustee Services
To obtain a copy of the RFP, Click here,
RFP: Trustee Services
Legal and Estate Notices:
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Professional Liability Insurance Company of America
An Order to Show Cause seeking, among other things, approval of a final report and closure of this liquidation proceeding, has been submitted to the Court with a return date of February 2, 2021 via virtual video conference.
--[Read Order to Show Cause]
--[Read Supporting Papers]
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American Country Insurance Company
An Order of Ancillary Receivership was filed with the New York County Clerk's office on December 16, 2020.
--[Read Order]
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American Service Insurance Company
An Order of Ancillary Receivership was filed with the New York County Clerk's office on December 2, 2020.
--[Read Order]
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American Country Insurance Company
An Order to Show Cause seeking, among other things, an order of ancillary receivership against American Country Insurance Company was signed by the Supreme Court, New York County with a return date of December 16, 2020.
--[Read OTSC]
--[Read Supporting Papers]
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American Service Insurance Company
An Order to Show Cause seeking, among other things, an order of ancillary receivership against American Service Insurance Company was signed by the Supreme Court, New York County with a return date of December 2, 2020.
--[Read OTSC]
--[Read Supporting Papers]
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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]
- More...
