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AMERICAN A. & L. INS. CO. v. AMERICAN PIONEER L. INS. CO.

No. 5-4954.

445 S.W.2d 896 (1969)

AMERICAN ACCIDENT AND LIFE INSURANCE CO., et al., Appellants, v. AMERICAN PIONEER LIFE INSURANCE CO., et al., Appellees.

Supreme Court of Arkansas.

Rehearing Denied November 17, 1969.

Attorney(s) appearing for the Case

Rose, Meek, House, Barron, Nash & Williamson, Little Rock, for appellants.

Frierson Walker & Snellgrove, Jonesboro, Sam Montgomery, No. Little Rock, Wright, Lindsey & Jennings, Little Rock, for appellees.

BYRD, Justice.

This litigation questions the validity of two exclusive agency contracts that were not approved by the Insurance Commissioner as required by Ark.Stat.Ann. § 66-4240 (Repl.1966). It was commenced in the trial court by appellee American Pioneer Insurance Company, against appellees Pioneer Underwriters, Inc. and R. E. Phillips and Huey Duke for a debt owed. Appellants American Accident and Life Insurance Company and Investors Insurance Corporation...

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