Nolan v. Jackson National Life Insurance

In this declaratory judgment action, plaintiff John S. Nolan, an insurance agent, seeks to have himself declared one of the assignees and beneficiaries of a term life insurance policy issued to one of his clients. Defendant insurer, Jackson National Life Insurance Company (Jackson National), contends that Nolan’s client canceled the policy and that there is no valid policy of which Nolan is now an assignee or beneficiary. The insurer cross-claimed against Nolan based on its agency agreement with him, which provides for indemnity arising out of Nolan’s “unauthorized acts.” Jackson National…