Fraver v. North Carolina Farm Bureau Mutual Insurance

BRASWELL, Judge.

In a dispute between the insurance company and its former agents and agency managers, the plaintiffs and intervenor-plaintiffs contend that they were entitled to certain bonus renewal commissions for the year 1979 pursuant to their agent/agency manager agreements. The defendant, on the other hand, asserts that according to these agent/agency manager contracts it was not obligated to pay the bonus renewal commissions since the insurance company’s loss ratio exceeded sixty-three percent in 1979. Upon the defendant’s motion, the trial court entered summary judgment in favor of…