Gordon v. United States Department of the Treasury

James A. Gordon appeals the district court’s judgment that the United States, in its capacity as a policyholder, is entitled to priority of payment in the liquidation of an insolvent insurance company, Eastern Indemnity Insurance Company (EICOM). See Gordon v. United States Department of the Treasury, 668 F.Supp. 483 (D.Md.1987). As Special Deputy State Insurance Commissioner of Maryland and Receiver for EICOM, Gordon contends that Maryland state law governing the priority of payment of such claims, Md.Ins.Code Ann. art. 48A, §§ 158, 158A (1986), constitutes state regulation of the “business…