The determination was supported by substantial evidence and the penalty imposed on petitioners was not excessive. Petitioners were found guilty of a series of serious violations of the Insurance Law. Among other things, the evidence showed that they conducted business under a fictitious entity, solicited business on behalf of unlicensed insurers, commingled funds and failed to exercise their fiduciary responsibilities to policyholders. Thus, the determination was warranted...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
