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McCONNELL v. PACIFIC MUTUAL LIFE INS. CO.

Docket No. 25583.

205 Cal.App.2d 469 (1962)

24 Cal. Rptr. 5

F. BRITTON McCONNELL, as Insurance Commissioner, Petitioner and Appellant, v. PACIFIC MUTUAL LIFE INSURANCE COMPANY OF CALIFORNIA, Defendant and Appellant; ALAN CRANSTON, as State Controller, et al., Real Parties in Interest and Appellants.

Court of Appeals of California, Second District, Division Three.

July 6, 1962.

Attorney(s) appearing for the Case

Stanley Mosk, Attorney General, and John F. Hassler, Deputy Attorney General, for Petitioner and Appellant.

Bautzer & Grant, Herbert Schwab and Woodrow N. Irwin for Defendant and Appellant.

Ralph I. McCarthy, Joseph W. Goss, Lawrence E. Gercovich, Harry T. Kaneko, Kenny, Morris & Ibanez, Robert W. Kenny and Edward Sumner for Real Parties in Interest and Appellants.

FILES, J.

These are appeals from an order of the superior court instructing the Insurance Commissioner, as liquidator of the Pacific Mutual Life Insurance Company of California, regarding the payment of interest on certain claims. The claims in question are for the damages payable to those holders of noncancellable disability insurance policies who declined to accept reinsurance in the reorganized company. The questions are (1) whether these claims bear interest;...

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