Bard v. Charles R. Myers Insurance Agency, Inc.

OPINION

COOK, Justice.

The case presents the question whether the Texas trial court below was required to give full faith and credit to an order issued by a Vermont receivership court. We hold that the court was required to honor the Vermont order. Therefore, we reverse the judgment of the court of appeals, 811 S.W.2d 251, and remand the cause to the trial court with orders to dismiss respondents’ counterclaim without prejudice to their rights in Vermont.

I

Ambassador Insurance Company (“Ambassador”) was a specialized company, chartered in Vermont in 1965. Ambassador wrote excess policies for…