Kennesaw Life & Accident Insurance v. Old National Insurance

BLOODWORTH, Justice.

Appellant, Kennesaw Life & Accident Insurance Company, appeals from a denial of its petition for intervention in the cause entitled State of Alabama, ex rel. John G. Bookout, Superintendent of Insurance v. Old National Insurance Company, a receivership proceeding commenced in the Jefferson County Circuit Court, Bessemer Division, In Equity.

Old National Insurance Company is an Alabama corporation that primarily handles paid-up life insurance policies which are “ceded” to it by other companies along with a transfer of assets sufficient to cover the statutory reserve…