Melahn v. Continental Security Life Insurance Co.

GAITAN, Judge.

On May 12, 1989, the Missouri Division of Insurance (hereinafter “Respondent”) filed a petition for seizure against Continental Security Life Insurance Company (hereinafter “Continental Security”), pursuant to the provisions of Mo.Rev.Stat. § 375.565 (1986). Thereafter, on June 14, 1989, respondent filed a motion for liquidation of Continental Security. A hearing was held on that motion and the trial court approved the liquidation as submitted. However, the court on its own motion set aside a provision of the liquidation order. This appeal followed. We reverse and remand.

On July…