Legal Opinion

In Re the Liquidation of Integrated Resources Life Insurance Co.

Supreme Court of Iowa

Decided April 23, 1997No. 95-1785PublishedCited by 9 opinions

1Opinion of the Court

NEUMAN, Justice.

Two insurance companies in receivership — Integrated Resources Life Insurance Co. (Integrated) and Fidelity Bankers Life Insurance Co. (Fidelity) — dispute the impact of an assumption agreement executed between Integrated and its delegate, North American Reassurance (NARe). Integrated persuaded the district court that Fidelity’s willingness to forward premiums to NARe meant that Fidelity thereby released Integrated from their mutual reinsurance obligations. The court’s decision, however, erroneously confused industry custom pertaining to insurer/policyholder contracts with…

2Cases cited11 opinions

  1. Kroblin v. RDR Motels, Inc.Supreme Court of Iowa · 1984
  2. In Re Estate of EitzenSupreme Court of Iowa · 1942
  3. Klipp v. Iowa Grain Indemnity Fund BoardSupreme Court of Iowa · 1993
  4. Sergeant v. LeonardSupreme Court of Iowa · 1981
  5. Trostel v. American Life & Casualty Insurance CompanyCourt of Appeals for the Eighth Circuit · 1996

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3Cited by9 opinions

  1. EXECUTIVE RISK INDEMNITY, INC. v. Charleston Area Medical Center, Inc.District Court, S.D. West Virginia · 2009
  2. Vandeventer v. All American Life & Casualty Co.Court of Appeals of Texas · 2003
  3. Wells Fargo Financial Leasing, Inc. Formerly Known as Norwest Financial Leasing, Inc. v. Lmt Fette, Inc.Court of Appeals for the Eighth Circuit · 2004
  4. Medical Associates Health Plan, Inc. v. CIGNA Corp.District Court, N.D. Iowa · 2005
  5. Emmet County Board of Supervisors v. RidoutSupreme Court of Iowa · 2005

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