The Property-Liability Insurance Guaranty Association, created to resolve claims against insolvent carriers, is not relieved of its burden to pay out on legitimate claims, even though there is money available from other sources, a state appeals court ruled on Monday.
The Appellate Division, in Oyola v. Liu, A-1107-12, said a 2004 amendment to the Property-Liability Insurance Guaranty Act, N.J.S.A. 17:30A-1 to -20, was a minor change in wording not meant to pre-empt recovery when a victim receives payments from third parties.
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