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  5. 793 S.W.2d 425 (1990)
 

MELAHN v. CONTINENTAL SEC. LIFE INS. CO.

No. WD 42320.

793 S.W.2d 425 (1990)

Lewis E. MELAHN, Director, Division of Insurance, Respondent, v. CONTINENTAL SECURITY LIFE INSURANCE COMPANY, Thomas Morehead, and Arthur A. Blumeyer, III, et al., Appellants.

Missouri Court of Appeals, Western District.

Motion for Rehearing and/or Transfer Denied July 31, 1990.

Application to Transfer Denied September 11, 1990.

Attorney(s) appearing for the Case

Jerry W. Venters, Jefferson City, Jeffrey B. Hunt, St. Louis, for appellants.

Ronald R. McMillin, Jefferson City for respondent.

Before TURNAGE, P.J., and LOWENSTEIN and GAITAN, JJ.

Motion for Rehearing and/or Transfer to Supreme Court Denied July 31, 1990.

GAITAN, Judge.

On May 12, 1989, the Missouri Division of Insurance (hereinafter "Respondent") filed a petition for seizure against Continental Security Life Insurance Company (hereinafter "Continental Security"), pursuant to the provisions of Mo.Rev.Stat. § 375.565 (1986). Thereafter, on June 14, 1989, respondent filed a motion for liquidation of Continental Security. A hearing...

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