Insurasource, Inc. v. Phoenix Insurance

MEMORANDUM OPINION AND ORDER

KEITH STARRETT, District Judge.

This matter is before the Court on the Motion for Summary Judgment [35] of Defendant The Phoenix Insurance Company. Having considered the parties’ submis*436sions, the record, and the applicable law, the Court finds that the motion should be granted.

I. BACKGROUND

Plaintiff Insurasource, Inc. (“ISI”) is a Mississippi corporation that finances insurance premiums. Under the typical terms of ISI’s finance agreements, policyholders are required to make regular monthly payments to ISI, and they grant ISI a security interest in any unearned…