COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

1865 Mutual Bene Soc Inc co New York Liquidation Bureau
New York, NY · EIN 205733729 · Form 990 · FY2021 · Micro (<$100K) · nylb.org
revenue
$0
expenses
$86K
net assets
$316K
employees
0
program ratio
0%
mission · from form 990

To provide sick, death and burial benefits to members.

profile · synthesized from sources

The New York Liquidation Bureau (NYLB) serves as administrative staff to the Superintendent of Financial Services of New York in their role as receiver for insolvent insurance companies. It manages liquidation and rehabilitation proceedings, oversees asset distribution to creditors, and administers state insurance security funds. The bureau handles claims resolution and asset management for estates of impaired insurers under court supervision.

named programs · 3 · from sources

What they call their work

Insurance Company Liquidation
Manages the liquidation of insolvent domestic and ancillary insurance companies under court order, including asset recovery, claims processing, and creditor distributions.
Rehabilitation Proceedings
Oversees rehabilitation of impaired insurers to correct financial deficiencies, including supervision of management and implementation of recovery plans under court oversight.
Security Fund Administration
Administers the Property/Casualty, Public Motor Vehicle Liability, and Workers’ Compensation Insurance Security Funds to protect claimants when insurers fail.
activities · 3 groups

What they do

  • Union and Association Benefit Funds 3 activities
    • Manages liquidation or rehabilitation of insolvent insurance companies
      Oversees the court-ordered liquidation or rehabilitation of impaired or insolvent insurance companies, including managing estates in receivership to protect insureds, claimants, and creditors.
    • Resolves claims and manages assets in insurance receiverships
      Administers and resolves claims, manages assets, and facilitates the sale or transfer of reinsurance recoverables for estates in receivership, including concluding the liquidation of The Insurance Corporation of New York (INSCORP).
    • Supports policyholders and creditors during liquidation proceedings
      Provides information, support, and access to unclaimed funds for policyholders and creditors involved in insurance estate liquidations, including through a dedicated unclaimed funds portal.
  • Website Accessibility Implementation 1 activity
    • Ensures digital accessibility for persons with disabilities
      Maintains website accessibility by providing auxiliary aids and reasonable modifications to support individuals with disabilities in accessing online resources and services.
  • Death Benefit Payments to Members 1 activity
    • Provides sick, death, and burial benefits to members
      Offers financial and related benefits to members in cases of sickness, death, and burial, as part of its mutual benefit society functions.
financials · form 990 · fy2021
revenue
Total revenue$0
Contributions & grants$0—
Program service revenue$0—
Investment income$0—
Other revenue$0
expenses
Total expenses$86K
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$62K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$316K
Cash$316K
Investments$0
Liabilities$0
Net assets$316K
Liquid reserves43.8 mo
2 years on record · 2020–2021 · YoY revenue -100.0%
leadership · form 990 part vii · fy2021

Who runs it

board members · 1
  • Ronald Labenski — CFO NYLB
relationships · 1

Who they work with

  • New York Liquidation Bureau Government — Entity providing accessibility services for its website to individuals with disabilities.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Mutual Benefit Society Model
    methodology: mutual_benefit_society
    By organizing as a mutual benefit society, the organization provides financial and social support to members through sick, death, and burial benefits, because shared risk and collective membership foster stability and mutual aid during personal crises.
  • Receivership for Creditor Protection
    methodology: receivership_for_creditor_protection
    By placing impaired or insolvent insurance companies into receivership, the organization protects policyholders and creditors, because structured legal oversight ensures equitable asset distribution and preserves trust in the insurance system.