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STANDARD FUNDING CORP. v. LEWITT

225 A.D.2d 608 (1996)

639 N.Y.S.2d 137

Standard Funding Corp., Respondent, v. Jeffrey Lewitt et al., Defendants, and Public Service Mutual Insurance Company, Appellant

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

March 11, 1996

Ordered that the judgment is affirmed, with costs.

The plaintiff is a New York corporation engaged in the premium financing business. It provides loans to companies to cover the costs of insurance premiums. In 1989, the defendant Lewitt Agency, Inc. (hereinafter Lewitt) was an agent of the defendant Public Service Mutual Insurance Company (hereinafter PSM). The terms of the agency agreement authorized Lewitt to accept insurance proposals and collect the premiums on...

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