National Union Fire Insurance v. LSB Industries, Inc.

ALDISERT, Circuit Judge.

This appeal by LSB Industries, Inc. and El Dorado Chemical Co. from summary judgment in favor of its insurer, National Union Fire Insurance Co. of Pittsburgh, Pennsylvania (“National Union”), requires us to decide whether the district court erred in determining that the insurance company’s demands for unpaid insurance premiums were not barred by the Okla-homa Statute of Limitations. Specifically, we must decide whether the express terms of the mutually consented to retention agreements, which provide for interim pre mium adjustments up and down, are structured so that…