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CARIBBEAN INS. SERV. v. AM. BANKERS LIFE ASSUR. CO.

No. 83-1032.

715 F.2d 17 (1983)

CARIBBEAN INSURANCE SERVICES, INC., Plaintiff, Appellee, v. AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided August 24, 1983.

Attorney(s) appearing for the Case

Patrick J. Wilson, with whom Fradique A. Rocha, and O'Neill & Borges, Hato Rey, P.R., were on brief, for defendant, appellant.

Carlos G. Latimer, San Juan, P.R., with whom Jerome Murray, Robert Post, New York City, and Ramirez, Segal & Latimer, San Juan, P.R., were on brief, for plaintiff, appellee.

Before CAMPBELL, Chief Judge, BOWNES, Circuit Judge, and TORRUELLA, District Judge.

LEVIN H. CAMPBELL, Chief Judge.

On August 28, 1979, plaintiff Caribbean Insurance Services, Inc. ("Caribbean"), a corporation organized under the laws of Puerto Rico, agreed to act within Puerto Rico as the exclusive general agent of defendant American Bankers Life Assurance Company of Florida ("American Bankers"). After nearly three years and the payment of substantial commissions to Caribbean under the terms of the general agency agreement, American Bankers notified...

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