Nationwide Life Insurance v. American Medical Imaging Corp. (In Re American Medical Imaging Corp.)

OPINION

DAVID A. SCHOLL, Bankruptcy Judge. A. INTRODUCTION

The instant proceeding presents elusive issues regarding the determination of the date of termination of a group life and health insurance policy for the benefit of the Debtor corporation's employees and the impact upon the employees’ benefits when the Debtor failed to make timely payments of policy premiums. Revising our own previous tentative conclusion, we hold that the policy in issue has never been terminated because the terms under which it was to be terminated became muddied through ambiguous oral modifications and because the…