Posted on 04/07/2024 12:46:31 PM PDT by bitt
New York Attorney General Letitia James is now questioning the financial status and regulatory compliance of the insurer that posted former President Donald Trump’s $175 million bond stemming from her civil fraud prosecution against him. In a court filing on Thursday, James challenged the “sufficiency of the surety” provided by Knight Specialty Insurance Company (KSIC) after a paperwork error resulted in Trump’s bond being temporarily rejected by a New York court the day before.According to the filing, the New York Attorney General wants KSIC to provide documentation proving their certification to operate in the state. James is asking a state appeals court to order KSIC to produce a “certificate of qualification” within ten days with proof that the company can pay the bond if Trump’s appeals are unsuccessful.
The move by James comes after the initial bond filing on Wednesday was rejected due to missing documents — including a current financial statement from KSIC and the name of his attorney-in-fact. Attorneys for former President Trump resubmitted the corrected paperwork early Thursday.However, the financial statement has drawn additional scrutiny as it only lists the assets for KSIC and not a related company, Knight Insurance Company LTD. New York insurance law limits the amount an insurer can underwrite on a single bond to 10 percent of its total “capital and surplus.” KSIC and Knight Insurance Company LTD together meet the capital requirement, but the filing doesn’t clarify if the latter is also underwriting the bond.
Still a lot of truckers refusing to enter NY?
Somebody needs to tell her to stay in her own lane.
++++++++++
With an AZZ the size of tishes she will be in all of the lanes.
Except the AG who knew the law and caught it. I think she must have known to study the regulations before the paperwork hit her desk. I bet she read through everything those additional ten days.
This woman and the judge in this case have generally
railroaded Trump. Now they are trying to demonstrate
what will happen to anyone who helps Trump. That’s
all this is about.
There are Communist agitators behind this.
We are in the midst of a full blown Communist uprising.
PFL
This should have been expected…
“I think she must have known to study the regulations before the paperwork hit her desk. I bet she read through everything those additional ten days.”
She didn’t read anything paid someone else to do it. I can’t read the original post too many pop ups but I suspect she is just nit picking on any possible thing. Bond will hold up.
They are now making an enemy of a Cali billionaire guy. Other’s will take notice and avoid NY.
she effectively has made taking a loan a crime in New York State
I guess only the government is allowed to take a loan
We were warned it wouldn’t stop with only Trump.
Not a surprise
Haven’t they dug up anything yet on this spotlight whore?
She is beyond despicable as are all of the Trump assassins.
Unanimous GOP condensation would stop the lawfare.
Instead they blow a billion dollars on a primary over 3yrs ago.
They hold numerous nationally televised debates and manage to not talk about rigged elections, weaponized govt,. mass censorship etc....
Leshitta is just drunk on the power give her by NY. I’m going to laugh if the Supreme Court eventually rules she didn’t have authority to penalize Trump the way she did and Trump sues NY for about $3 billion and wins.
You nailed it. The truck lane. Wide load.
Where the Hell is the Supreme Court??
That's why the Founding Fathers did not believe in democracy and gave us the Bill of Rights to protect the minority from the tyranny of the majority.
But it has been well established that the Bill of Rights does not apply to Trump.
wait until she starts coming for the rest of us..
How I wish and pray that my nation has not become this evil.
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