James McNeill and Dennis McNeill Doing Business as McNeill Agency, Inc. v. Security Benefit Life Insurance Company
Court of Appeals for the Eighth Circuit
1Opinion of the Court
LOKEN, Circuit Judge.
In 1984, Kansas-based Security Benefit Life Insurance Company (“SBL”) acquired First Pyramid Life Insurance Company (“FPL”), an Arkansas insurer. SBL later applied to the Arkansas Insurance Commissioner for permission to sell FPL’s block of interest sensitive life insurance policies to a financially weaker Oklahoma insurer. James McNeill and his son, Dennis, independent Arkansas insurance agents doing business as McNeill Agency, Inc., had previously sold many of these policies to their clients. The McNeills objected to SBL’s proposed sale, and it was disapproved. SBL’s…
2Cases cited19 opinions
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- Mason v. FunderburkSupreme Court of Arkansas · 1969
- David Devoto and Charles F. Volk v. Pacific Fidelity Life Insurance Company and Bankers Mortgage Company of Calif.Court of Appeals for the Ninth Circuit · 1980
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