State Ex Rel. ISC Financial Corp. v. Kinder

KENNEDY, Judge.

Upon application of ISC Financial Corporation, sole stockholder of Old Security Life Insurance Company, we issued our preliminary writ of prohibition, prohibiting respondent judge from closing the receivership of Old Security Life Insurance Company, of which the Missouri Director of Insurance, C. Donald Ainsworth, was receiver.

We now modify our preliminary writ and as modified make the same absolute.

The background facts are as follows:

Old Security Life Insurance Company was placed in receivership by order of the Circuit Court of Cole County dated October 20, 1977, in accordance…