MATTER OF INS. CO. OF THE STATE OF PENNSYLVANIA v. CORCORAN


160 A.D.2d 304 (1990)

In the Matter of Insurance Company of the State of Pennsylvania, Petitioner, v. James P. Corcoran, as Superintendent of Insurance of the State of New York, Respondent

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

April 10, 1990


The Superintendent's determination that petitioner overcharged premiums for its policies of insurance is supported by substantial evidence and should not be disturbed. The evidence at the hearing established that for the years 1982 and 1983, the petitioner issued policies using improper increased limit of liability conversion factors resulting in substantial overcharges to its customers. We reject petitioner's contention that these violations were not "willful" and therefore...

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