NY uses obscure civil-practice law to demand a closer look at Trump's $175M appeal bond — and at its underwriter, Knight Specialty

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The LA company that underwrote Trump's $175M appeal bond needs major vetting, NY says. Officials want the company to prove its financial soundness and show the underlying collateral. Judge Arthur Engoron, who presided over Trump's civil fraud trial, gets final say over the bond. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement The New York Attorney General's Office wants a closer look at Donald Trump's $175 million appeal bond. In a two-page court filing Thursday, state officials are giving Trump or his underwriters — the Knight Specialty Insurance Company — ten days to "justify," or prove the sufficiency of, the bond. The step is necessary, the state notes in its filing, because the Los Angeles-based Knight is a "non-admitted carrier" under state insurance law, meaning it is not automatically qualified to provide bonds in New York. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .