arrow left
arrow right
  • In the Matter of
The Application of
Linda A. Lacewell, Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of

BEDIVERE INSURANCE COMPANYSpecial Proceedings - Other (New York Ins. Law Art. 74) document preview
  • In the Matter of
The Application of
Linda A. Lacewell, Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of

BEDIVERE INSURANCE COMPANYSpecial Proceedings - Other (New York Ins. Law Art. 74) document preview
  • In the Matter of
The Application of
Linda A. Lacewell, Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of

BEDIVERE INSURANCE COMPANYSpecial Proceedings - Other (New York Ins. Law Art. 74) document preview
  • In the Matter of
The Application of
Linda A. Lacewell, Superintendent of Financial Services of the State of New York, for an Order of Appointment as Ancillary Receiver of

BEDIVERE INSURANCE COMPANYSpecial Proceedings - Other (New York Ins. Law Art. 74) document preview
						
                                

Preview

At IAS Part 36 of the Supreme Court of the State of New York, at the courthouse, 71 Thomas Street, in the County, City and State of New York, on the ____ day of ____________, 2022. PRESENT: HON. VERNA SAUNDERS, J. S. C. ----------------------------------------------------------------x In the Matter of Index No.: 451540/21 the Ancillary Receivership of ORDER NO. 9 BEDIVERE INSURANCE COMPANY. ----------------------------------------------------------------x Based upon the attached affirmation (“Affirmation”) of Jack A. Franceschetti, an attorney with the New York Liquidation Bureau, the organization that carries out the duties of Adrienne A. Harris, Superintendent of Financial Services of the State of New York as ancillary receiver (“Ancillary Receiver”) of Bedivere Insurance Company (“Bedivere”), dated June 3, 2022, and upon all other papers previously submitted and all proceedings heretofore had herein; AND, it appearing from the Affirmation and attachments thereto that the interests of Bedivere, in ancillary receivership, its creditors, and all others interested in the affairs of Bedivere will best be served by the approval of the recommendation of the Ancillary Receiver as to the allowance and payment of the claim set forth in the schedule attached to the Affirmation; NOW, based upon the application of the Ancillary Receiver, it is ORDERED, that the relief requested in the Affirmation is granted; and it is further ORDERED, that the recommendation made by the Ancillary Receiver, as set forth in the Affirmation, regarding the allowance of the claim in the amount set forth in the schedule attached thereto, be and the same hereby is approved; and it is further ORDERED, that the Ancillary Receiver is directed to provide the Commissioner of Taxation and Finance, as Custodian of the New York Property/Casualty Insurance Security Fund, with the appropriate certificates to effectuate payment of such allowed claim; and it is further ORDERED, that the amount recommended for payment by the Ancillary Receiver be paid out of the New York Property/Casualty Insurance Security Fund, pursuant to Section 7603 of the New York Insurance Law; and it is further ORDERED, that the Ancillary Receiver is directed to pay in full, without interest, the amount allowed of $150,000.00, payable to K. C., Claim No. R900000002064-00002, as listed in the schedule attached to the Affirmation. ENTER _____________________________ J. S. C. 2