N.Y. Insurance Law § 7431: Determination of liability of members for other indebtedness

§ 7431. Determination of liability of members for other indebtedness.

(a) If it shall appear that a member of a domestic mutual insurer is

indebted to such insurer, apart from his liability to assessment, the

court may, upon the application of the superintendent, in any order

under section seven thousand four hundred thirty of this article

directing such member to show cause why he should not be held liable to

pay an assessment, likewise direct him to show cause why he should not

be held liable to pay such indebtedness.

(b) The liability of such member for such indebtedness shall be

determined in the same manner, and at the same time, as his liability

for such assessment is determined, and the superintendent may have

judgment therefor, without any additional costs.