Respondents-appellants' vehicle was allegedly struck by a hit-and-run motor vehicle. While they reported the matter within the proper time, they did not in such report indicate that it was a hit-and-run occurrence. The court at Special Term on that basis entered judgment granting the application made by the petitioner-respondent insurance company for a stay of arbitration. There is no requirement in law that an accident, when reported, be described in terms of the legal consequences...
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