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IN RE PROCEEDINGS BY THE COMMR. OF BANKING AND INS.

98 N.J. Super. 263 (1967)

237 A.2d 265

IN RE: PROCEEDINGS BY THE COMMISSIONER OF BANKING AND INSURANCE, STATE OF NEW JERSEY, PURSUANT TO THE PROVISIONS OF N.J.S.A. 17:22-16 AND N.J.S.A. 17:22-6.24, TO FINE PARKWOOD COMPANY, A CORPORATION, 661 SHUNPIKE ROAD, MADISON, NEW JERSEY, AND JOHN APGAR, THE ACTIVE OFFICER OF THE CORPORATION, OR TO REVOKE OR SUSPEND THE EXISTING INSURANCE LICENSES OF THE PARKWOOD COMPANY AND JOHN APGAR.

Superior Court of New Jersey, Appellate Division.

Decided December 19, 1967.

Attorney(s) appearing for the Case

Mr. Ralph N. Solodar for appellants.

Mrs. Marilyn Loftus Schauer, Assistant Attorney General, for respondent (Mr. Arthur J. Sills, Attorney General of New Jersey, attorney).

Before Judges KILKENNY, CARTON and MALECH.

The opinion of the court was delivered by CARTON, J.A.D.

Parkwood Company and John Apgar, licensed insurance agents and brokers, appeal from a decision of the Commissioner of Banking and Insurance determining that Parkwood had demonstrated unworthiness as a licensee N.J.S.A. 17:22-6.16, 17:22-6.24. They also challenge his actions in imposing a $500 fine and ordering repayment of return premiums, suspending their licenses pending compliance therewith, and revoking...

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