Minnesota Life Insurance Co. v. Financial Institution Consulting Corp.

ORDER GRANTING PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT

SHERYL H. LIPMAN, UNITED STATES DISTRICT JUDGE

Larry Chinn and his company, Financial Institution Consulting Corporation, (collectively, “Defendants”) entered into two contracts with Minnesota Life Insurance Company (“Minnesota Life” or “Plaintiff’). In those contracts, Defendants agreed to sell Plaintiffs life insurance policies, and Plaintiff agreed to pay Defendants commissions on those sales. Defendants also agreed that they would repay to Plaintiff some percentage of commissions earned on the sale of any policies that were later…