LAYTON v. ILLINOIS LIFE INS. CO.

No. 5596.

81 F.2d 600 (1936)

LAYTON v. ILLINOIS LIFE INS. CO. BACHMAN v. DAVIS.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied March 12, 1936.


Attorney(s) appearing for the Case

William S. Oppenheim, Earle E. Ewins, and Edward S. Price, all of Chicago, Ill., for appellant.

Roy O. West, Percy B. Eckhart, William M. Klein, and Lewis C. Jesseph, all of Chicago, Ill., for appellee.

Before EVANS and ALSCHULER, Circuit Judges, and BRIGGLE, District Judge.


BRIGGLE, District Judge.

The single, ultimate question to be determined upon this appeal is whether a life insurance agent under a contract for post-agency renewal commissions is entitled, upon receivership of the life insurance company, and its consequent inability to continue in business, to recover the "present value" of such commissions upon renewal premiums which it is alleged the company, had it continued in business, would have received in due course.

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