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BERNARD v. FIRESIDE COMMERCIAL LIFE INS.

No. 92 CA 0237.

633 So.2d 177 (1993)

Sherman BERNARD, Commissioner of Insurance for the State of Louisiana v. FIRESIDE COMMERCIAL LIFE INSURANCE COMPANY.

Court of Appeal of Louisiana, First Circuit.

Writ Denied March 11, 1994.

Attorney(s) appearing for the Case

Carey R. Holliday, Baton Rouge, for plaintiff-appellant Second Com'r of Ins., State of LA.

Philip K. Jones, Jr., New Orleans, for defendant-appellee F.D.I.C. as Receiver for Key Sav. and Loan Ass'n.

Bert K. Robinson, Baton Rouge, for defendant in rule-appellant First Magnolia Life Ins. Co.

Before CARTER, LeBLANC and PITCHER, JJ.

LeBLANC, Judge.

This matter arises from two claims asserted by the Federal Deposit Insurance Corporation (FDIC) in an intervention filed in the rehabilitation proceedings of Fireside Commercial Life Insurance Company (Fireside), a domestic life insurance company. First, FDIC claimed ownership of certain funds Fireside transferred to Magnolia Life Insurance Company (Magnolia) prior to the initiation of rehabilitation proceedings by the Louisiana Commissioner of Insurance...

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