In Re Life Insurance Co. of Alaska

OPINION

EASTAUGH, Justice.

I. INTRODUCTION

During liquidation of a life insurance company, a claimant sought recovery of $500,000 which the claimant contended it had paid to the insurer in exchange for a surplus note. The receiver denied the claim. When the claimant objected to the denial, the superior court conducted an evidentiary hearing; finding that the claimant had been repaid, it denied the claim. The claimant raises two arguments - on - appeal. Because - AS 21.78.170(d) applied to the superior court's review of the denied claim, we first reject the claimant's argument that the superior…