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MATTER OF RELIANCE INSURANCE COMPANY ENVIRO EXPRESS, INC.

35 A.D.3d 191 (2006)

825 N.Y.S.2d 466

In the Matter of the Ancillary Receivership of RELIANCE INSURANCE COMPANY ENVIRO EXPRESS, INC., Appellant; GREGORY V. SERIO, as Superintendent of the New York State Insurance Department, and as Ancillary Receiver of Reliance Insurance Company, Respondent.

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

Decided December 7, 2006.

The court correctly determined that the Referee's conclusions were erroneous and that the Superintendent's determination was rational and in conformity with the applicable statutes. Although the New York Property/Casualty Insurance Security Fund was established by the Legislature to protect New York residents from the potentially devastating effects of insurance company failures (Insurance Law § 7603; see Matter of Snyder Tank Corp. v Superintendent of Ins. of State...

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