CURIALE V ARDRA INSURANCE COMPANY LTD

(1997) 6 Re LR 49

United States Court of Appeals of New York

Before District Judge Werlein

New York - Regulation - Security - Unlicensed alien reinsurer - Bermudan reinsurer receiving premiums from New York insurer in exchange for providing reinsurance coverage - Whether reinsurer obliged to post security for risks that it had been paid to underwrite - Reinsurers answer to liquidators claim ordered to be stricken unless it posted pre-answer security - New York Insurance Law section 1213(c) - Whether procedural due process guarantees of Federal Constitution violated.