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ANGOFF v. AMERICAN FINANCIAL SEC. LIFE

Nos. WD 47661, WD 47662.

869 S.W.2d 90 (1993)

Jay ANGOFF, Director Department of Insurance, Respondent, v. AMERICAN FINANCIAL SECURITY LIFE INS. CO., Appellant.

Missouri Court of Appeals, Western District.

Motion for Rehearing and/or Transfer Denied December 28, 1993.

Application to Transfer Denied February 22, 1994.

Attorney(s) appearing for the Case

Robert Lewis Hawkins, Jefferson City, for appellant.

Elisabeth Ruth Sauer, Kansas City, for respondent.

Before TURNAGE, C.J., and FENNER and ELLIS, JJ.

Motion for Rehearing and/or Transfer to Supreme Court Denied December 28, 1993.

TURNAGE, Chief Judge.

The Circuit Court of Cole County entered judgment placing American Financial Security Life Insurance Company (AFSLIC) into rehabilitation for operating in a hazardous condition because it wrote at excessive ratios of premiums to surplus, overstated its reinsurance credits and did not maintain the required amount of capital and surplus. AFSLIC appeals contending...

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