UNITED STATES LIAB. INS. CO. v. HAIDINGER-HAYES

Docket No. 32132.

263 Cal.App.2d 531 (1968)

69 Cal. Rptr. 373

UNITED STATES LIABILITY INSURANCE COMPANY, Plaintiff and Appellant, v. HAIDINGER-HAYES, INC., Defendant and Respondent.

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

June 26, 1968.


Attorney(s) appearing for the Case

David C. Bogert, Long & Levit and Rose & Ehrmann for Plaintiff and Appellant.

Frank Fullenwider and Joseph F. Rank for Defendant and Respondent.


LILLIE, J.

Effective April 1, 1959, plaintiff insurance company and defendant corporation, an insurance general agent and surplus line broker, entered into a written agency contract which, in paragraph (8) thereof, provided for a profit-and-loss sharing formula. Five years later, in March of 1964, plaintiff instituted the present action, asserting that there was a loss on the business written for it by defendant and, pursuant to the above formula, asking reimbursement...

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