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:
The NYLB has no competitive bidding notices at this time.
Legal and Estate Notices:
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Atlantis Health Plan, Inc.
An Order to Show Cause seeking, among other things, approval of the Liquidator’s report on the status of the Atlantis liquidation proceeding, has been submitted to the Court with a return date of October 13, 2021, via virtual video conference.
--[Read OTSC]
--[Read Supporting Papers]
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Quality Health Plans of New York, Inc.
An order signed by the Supreme Court, New York County on August 25, 2021, approving an assignment agreement that assigns certain claims and causes of action to Northwell Health, Inc. was entered by the County Clerk’s office on September 13, 2021.
--[Read Order]
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American Medical and Life Insurance Company
An Order to Show Cause seeking allowance of a claim filed by the National Organization of the Life and Health Insurance Guaranty Associations was signed by the Supreme Court, New York County with a return date, for submission only, of September 21, 2021.
--[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 approving an assignment agreement that assigns certain claims and causes of action to Northwell Health, Inc. was signed by the Supreme Court, New York County with a return date, for submission only, of August 25, 2021.
--[Read OTSC]
--[Read Supporting Papers]
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Bedivere Insurance Company
An Order of Ancillary Receivership was filed with the New York County Clerk’s office on June 21, 2021.
--[Read Order]
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Bedivere Insurance Company
An order to Show Cause seeking, among other things, an order of ancillary receivership against Bedivere Insurance Company was signed by the Supreme Court, New York County with a return date of June 16, 2021.
--[Read OTSC]
--[Read Supporting Papers]
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Health Republic Insurance of New York, Corp.
Letter Update to the Supervising Court, dated May 4, 2021.
--[Read Letter]
- More...
