Legal Opinion
Garamendi v. Life of America Insurance
California Court of Appeal
Decided September 22, 1992No. C012977PublishedCited by 1 opinion
1Opinion of the Court
Opinion
NICHOLSON, J.
After the superior court appointed the Insurance Commissioner as conservator of a financially troubled insurance company, Life of America Insurance Company (LOA) offered to buy a major asset of the *1199conservatorship estate. However, the court instead authorized sale of the asset to another buyer on terms more profitable to the estate than LOA’s offer.
This purported appeal by LOA is dismissed because LOA is not an aggrieved party.
Facts and Procedural History
On December 11, 1989, the superior court appointed the Insurance Commissioner as conservator of Pacific Standard Life…
2Cases cited11 opinions
- In Re Marriage of FlahertyCalifornia Supreme Court · 1982
- County of Alameda v. CarlesonCalifornia Supreme Court · 1971
- Beck v. American Health Group International, Inc.California Court of Appeal · 1989
- Financial Indemnity Co. v. Superior CourtCalifornia Supreme Court · 1955
- Life v. County of Los AngelesCalifornia Court of Appeal · 1990
6 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re Pacific Std. Life Ins. Co.California Court of Appeal · 1992