CHAR-MO INVESTORS, INC. v. MKT. INS. CO.


44 N.Y.2d 793 (1978)

Char-Mo Investors, Inc., Appellant, v. Market Insurance Company, Respondent.

Court of Appeals of the State of New York.

Decided May 2, 1978.


Attorney(s) appearing for the Case

Jack M. Weinstein for appellant.

Thomas Newman, Benjamin Vinar and Paul B. Marrow for respondent.

Chief Judge BREITEL and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and COOKE concur in a memorandum.


MEMORANDUM.

Order affirmed, with costs. It is true that the standard fire insurance policy is mandated by statute, not subject to negotiation by the parties. Nevertheless, it has been held that statutory modifications of a standard insurance policy are, generally, not to be applied retroactively to policies already in force on the effective date of the statutory amendments (Mulligan...

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