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New York Liquidation Bureau
Adrienne A. Harris
Superintendent of Financial Services 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.

Competitive Bidding Notices:

RFP: Financial Auditing Services

The New York Liquidation Bureau invites all qualified certified public accounting firms that provide financial auditing services to submit, at Bidder’s sole expense, a proposal to audit its financial statements in accordance with generally accepted standards as set forth by the American Institute of Certified Public Accountants. The Proposal must adhere to the requirements outlined in this Request for Proposal.

-- View Request for Proposal



Legal and Estate Notices:

  • Freelancers Insurance Company, Inc.
    An order, inter alia, closing the Freelancers Insurance Company, Inc. liquidation proceeding was entered by the County Clerk’s office on January 26, 2023.
    --[Read Order]
  • Fiduciary Insurance Company of America
    An Order to Show Cause seeking, among other things, approval of the Liquidator’s report on the status of the Fiduciary liquidation proceeding has been submitted to the Court with a return date of March 13, 2023 via Microsoft Teams.
    --[Read OTSC]
    --[Read Supporting Papers]
  • Global Liberty Insurance Company of New York
    An Order to Show Cause seeking approval of a claims adjudication procedure and appointment of a referee was signed by the Court, and the return date on the motion is February 15, 2023.
    --[Read Notice]
    --[Read OTSC]
    --[Read Supporting Papers]
  • Health Republic Insurance of New York, Corp.
    The Health Republic closing page is now live. Pursuant to the Closing Plan, the Liquidator of Health Republic requires all creditors with allowed claims to submit a completed POLICYHOLDER ADDRESS VERIFICATION FORM or a FORM W-9 to ensure that distribution checks are sent to correct mailing addresses and to comply with the Liquidator’s tax reporting obligations. To submit your forms, please visit www.healthrepublicny.org.
  • Freelancers Insurance Company, Inc.
    An Order to Show Cause seeking, among other things, approval of the Liquidator’s first and final report and closure of the Freelancers Insurance Company, Inc. liquidation proceeding, was signed by the Supreme Court, Kings County with a return date of January 24, 2023.
    --[Read OTSC]
    --[Read Supporting Papers]
  • Highlands Insurance Company
    The District Court of Texas, Travis County, issued an order dated May 17, 2022 (“Bar Date Order”), setting May 31, 2022, as the date by which Class Two claims, other than claims by insurance guaranty associations, must be liquidated and made certain, including, without limitation, as to the amount of the claim. The Bar Date Order also set August 31, 2022, as the deadline by which Class Two claimants who timely filed proofs of claim, which were in whole or in part contingent or unliquidated claims, other than insurance guaranty associations, must file a final update as to each contingent, unliquidated, and uncertain claim. Under NY Insurance Law Section 7412, the Bar Date Order applies to the ancillary proceeding pending in New York.
    --[Read Texas Bar Date Order]
  • The Home Insurance Company
    An order establishing January 26, 2023, as the claim amendment deadline for submission of final amendments of proofs of claim or submission of proofs of claim to the Liquidator of the Home Insurance Company (the “Home”) was entered by the Merrimack County Superior Court of the State of New Hampshire supervising the Home liquidation proceeding (“Home Bar Date”). Under NY Insurance Law Section 7412 the Home Bar Date applies to the ancillary proceeding pending in New York.
    --[Read NH Claim Amendment Notice]
    --[Read NH Approving Claim Amendment Deadline Order]
  • Fresenius Health Plan of New York, Inc.
    An order closing the Fresenius Health Plan of New York, Inc. liquidation proceeding was filed with the County Clerk’s office on October 25, 2022.
    --[Read Order]
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