§ 7610. Defense of claims. (a) The superintendent may, in his\ndiscretion, designate or appoint a duly authorized representative to\nappear before any court or other body or official having jurisdiction\nand defend any action or proceeding against principals or assureds on\ninsurance policies or bonds issued to them where the insurer has become\ninsolvent or unable to meet its insurance obligations. The\nsuperintendent shall have, as of the date of such insolvency or\ninability to meet its insurance obligations, only the rights which the\ninsurer would have had if not insolvent or unable to meet its insurance\nobligations.\n (b) For the purposes of this section, the superintendent shall have\npower to employ such counsel, clerks and assistants as may be necessary.\n
N.Y. Ins. Law § 7610
Defense of claims
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.