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LLR: Insurance & Reinsurance

CURIALE V ARDRA INSURANCE COMPANY LTD AND OTHERS

(1993) 2 Re LR 163

United States New York Supreme Court Appellate Division

Before E Leo Milonas JP, Betty Weinberg Ellerin, Theodore R Kupferman (dissenting) and Bentley Kassal JJ

Security - Pre-answer security - New York Insurance Law 1213 - Whether requirement to post security contingent upon manner of service - Whether inapplicable to foreign reinsurers - Whether seeking prejudgment security at inception of litigation amounted to waiver of provisions of Insurance Law - Whether requirement of $10 million security constituted deprivation of due process.

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