SHORTESS, Judge.
Louisiana Home Builders Association Self-Insurers' Fund (plaintiff), a group self-insurance fund, brought this suit against Adjustco, Inc. (defendant), the service agent for the fund. Defendant negotiated a reinsurance policy for plaintiff in 1986 which contained a large minimum loss fund (MLF) provision. An MLF is a fixed-dollar amount which must be met before coverage attaches under a reinsurance policy. It is somewhat akin to a deductible in a...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.