Legal Opinion
Swiss Re Life Co. America v. Gross
Supreme Court of Virginia
Decided January 10, 1997No. Record 961078PublishedCited by 11 opinions
1Opinion of the CourtJustice Koontz
In this appeal from the State Corporation Commission (Commission), the primary issue we consider is whether Code § 38.2-1509 permits a reinsurer for an insurance company in receivership to obtain administrative priority over other creditors in recovering amounts owed it under an ongoing treaty of reinsurance with the insolvent company. The reinsurer also raises additional issues related to its claim against the insolvent insurer. For the reasons that follow, we will affirm the decision of the Commission.
I. BACKGROUND
On December 28, 1990, Fidelity Bankers Life Insurance Company (Fidelity) sold…
2Cases cited10 opinions
- Illinois Central Railroad v. Interstate Commerce CommissionSupreme Court of the United States · 1907
- In Re AH Robins Co., Inc.United States Bankruptcy Court, E.D. Virginia · 1986
- Chesapeake & Potomac Telephone Co. v. CommonwealthSupreme Court of Virginia · 1927
- Farmers & Merchants National Bank v. CommonwealthSupreme Court of Virginia · 1972
- Commonwealth Ex Rel. Attorney General of Virginia v. Washington Gas Light Co.Supreme Court of Virginia · 1980
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3Cited by11 opinions
- Appalachian Voices v. STATE CORP. COM'NSupreme Court of Virginia · 2009
- Lawyers Title Ins. Corp. v. Norwest Corp.Supreme Court of Virginia · 1997
- Northern Virginia Electric Cooperative v. Virginia Electric & Power Co.Supreme Court of Virginia · 2003
- Christian v. STATE CORP. COM'NSupreme Court of Virginia · 2011
- In Re the Liquidation of Integrated Resources Life Insurance Co.Supreme Court of Iowa · 1997
6 more not listed; retrieve them via the Exa API.