(Download) "North Carolina v. United States" by Ninth Circuit U.S. Court of Appeals ~ Book PDF Kindle ePub Free
eBook details
- Title: North Carolina v. United States
- Author : Ninth Circuit U.S. Court of Appeals
- Release Date : January 16, 1998
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
Northwestern Security Life Insurance Company (Northwestern) was a North Carolina corporation specializing in life, health, and accident insurance. Northwestern failed in the late eighties after being looted by its holding company, resulting in a loss of over $10 million. J.A. at 55. On November 2, 1989, the Wake County Superior Court ordered Northwestern placed in rehabilitation and appointed the appellant, North Carolina Insurance Commissioner James E. Long, receiver of the company. J.A. at 28. Rehabilitation efforts proved unsuccessful, and on May 8, 1990, the Superior Court ordered Northwestern placed in liquidation and instructed Commissioner Long to marshal and liquidate Northwesterns remaining assets. J.A. at 56, 61.
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