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FLAX v. STANDARD SEC. LIFE INS. CO. OF NEW YORK

150 A.D.2d 894 (1989)

John J. Flax, as Trustee of a Trust Made by Robert Coolidge, Respondent, v. Standard Security Life Insurance Company of New York, Defendant, and Ruvin Agency, Inc., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Third Department.

May 11, 1989

Weiss, J.

Plaintiff commenced the underlying action to recover the proceeds of a life insurance policy ostensibly issued in 1969 by defendant Standard Security Life Insurance Company of New York (hereinafter Standard) and procured through defendants Ruvin Agency, Inc. and Jack Friedman (hereinafter defendants). The policy was designed to finance a corporate buy-sell agreement with respect to various individuals...

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