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STANDARD PREMIUM CORP. v. HIRSCHORN

56 Misc.2d 687 (1968)

Standard Premium Plan Corp., Plaintiff, v. David Hirschorn, Defendant.

Civil Court of the City of New York, Trial Term, New York County.

May 6, 1968

Attorney(s) appearing for the Case

Bernstein & Lipke for plaintiff. Ronald Fields for defendant.

EDWARD J. GREENFIELD, J.

In this case, submitted on an agreed statement of facts, the court is asked to construe a document denominated as a "Premium Finance Agreement". Such an agreement is authorized and regulated by Article XII-B of the Banking Law, to enable an insured to finance his obligation for premiums with a State-supervised agency.

Plaintiff is a "premium finance agency", that is, as defined...

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