Central Standard Life Insurance v. Gardner

PRESIDING JUSTICE LEWE

delivered the opinion of the court.

Central Standard Life Insurance Company filed a complaint in chancery seeking leave to dispose of certain trust assets and requesting an approval of its accounting of the trust funds available to pay defendants’ assessment policies as they become due and that an actuary be appointed to determine the increase in premiums necessary to meet all obligations on these policies.

The cause was referred to a Master and in conformity with the findings and recommendations contained in his report a decree was entered in favor of plaintiff. The court…