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IN RE UNUM LIFE INS. CO. OF AMERICA

No. 93-467.

647 A.2d 708 (1994)

In re UNUM LIFE INSURANCE COMPANY OF AMERICA.

Supreme Court of Vermont.

June 17, 1994.

Attorney(s) appearing for the Case

Peter Cullen of Theriault & Joslin, P.C., Montpelier and Andrew J. Bernstein, Portland, ME, for plaintiff-appellant.

Jeffrey L. Amestoy, Atty. Gen. and William Griffin, Chief Asst. Atty. Gen., Montpelier, for defendant-appellee.

Before ALLEN, C.J., and GIBSON, DOOLEY, MORSE and JOHNSON, JJ.

JOHNSON, Justice.

UNUM Life Insurance Company of America (UNUM) appeals the August 1993 decision of the Commissioner of Banking, Insurance and Securities (commissioner), which disapproved UNUM's proposed group life insurance policy. We affirm.

UNUM originally applied to the Vermont Department of Banking, Insurance and Securities (Department) in February 1990 for permission to market a group life insurance policy to...

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