Principal Mutual Life Insurance Co. v. State, Division of Insurance, Department of Commerce & Economic Development

780 P.2d 1023 (1989)

PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, Appellant, Cross-Appellee,

v.

STATE of Alaska, DIVISION OF INSURANCE, DEPARTMENT OF COMMERCE AND ECONOMIC DEVELOPMENT, Appellee, Cross-Appellant.

Nos. S-2517, S-2518.

Supreme Court of Alaska.

September 29, 1989.

Susan R. Pollard, William B. Rozell, Faulkner, Banfield, Doogan, & Holmes, Juneau, for appellant, cross-appellee.

Jeffrey W. Bush, Asst. Atty. Gen., Grace Berg Schaible, Atty. Gen., Juneau, for appellee, cross-appellant.

Before MATTHEWS, C.J., and RABINOWITZ, BURKE, COMPTON and MOORE, JJ.

OPINION

RABINOWITZ, Justice.

In 1957, the…