Foremost Life Insurance v. Department of Insurance

ROBERTSON, Judge.

Foremost Life Insurance Company (Foremost) brings this interlocutory appeal from an adverse order denying it the status of a class three creditor under Ind. Code 27-1-4-15 in the statutory liquidation of Keystone Life Insurance Company (Keystone). See IC 27-l-4r-l et seq. 1 Foremost contends that by virtue of a certain “Life and Disability Reinsurance Treaty” (Treaty) entered into with Keystone, Foremost acquired an insurance interest that the legislature intended to be preferred over general creditors. The priority statute in issue provides:

Claims against a company declared…