Legal Opinion
Layton v. Illinois Life Ins.
Court of Appeals for the Seventh Circuit
Decided January 31, 1936No. 5596PublishedCited by 12 opinions
1Opinion of the Court
BRIGGLE, District Judge.
The single, ultimate question to be determined upon this appeal is whether a life insurance agent under a contract for post-agency renewal commissions is entitled, upon receivership of the life insurance company, and its consequent inability to continue in business, to recover the “present value” of such commissions upon renewal premiums which it is alleged the company, had it continued in business, would have received in due course.
Appellant, Bachman, entered into an agency contract with the Illinois Life Insurance Company on September 1, 1919, and continued as an…
2Cases cited3 opinions
- Central Trust Co. of Ill. v. Chicago Auditorium Assn.Supreme Court of the United States · 1916
- Moore v. Security Trust & Life Ins.Court of Appeals for the Eighth Circuit · 1909
- Pellet v. Manufacturers' & Merchants' Ins. Co. of PittsburgCourt of Appeals for the Seventh Circuit · 1900
3Cited by12 opinions
- People Ex Rel. Palmer v. Peoria Life InsuranceIllinois Supreme Court · 1941
- Thacher v. H. C. Baldwin Agency, Inc.Court of Appeals for the Seventh Circuit · 1960
- Liberty National Insurance Company, Appellant-Cross-Appellee v. Reinsurance Agency, Inc., Appellee-Cross-AppellantCourt of Appeals for the Ninth Circuit · 1962
- Wallman v. United Casualty Co.Court of Appeals for the Third Circuit · 1945
- Cockrell v. GrimesCourt of Civil Appeals of Oklahoma · 1987
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