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McNEILL v. SECURITY BEN. LIFE INS. CO.

No. 93-1424.

28 F.3d 891 (1994)

James McNEILL and Dennis McNeill, doing business as McNeill Agency, Inc., Plaintiffs-Appellants, v. SECURITY BENEFIT LIFE INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals, Eighth Circuit.

Decided July 8, 1994.

Attorney(s) appearing for the Case

Thomas M. Bramhall, Little Rock, AR, argued, for appellant.

Byron Freeland, Little Rock, AR, argued (Marshall S. Ney, on the brief), for appellee.

Before FAGG, Circuit Judge, HEANEY, Senior Circuit Judge, and LOKEN, Circuit Judge.

LOKEN, Circuit Judge.

In 1984, Kansas-based Security Benefit Life Insurance Company ("SBL") acquired First Pyramid Life Insurance Company ("FPL"), an Arkansas insurer. SBL later applied to the Arkansas Insurance Commissioner for permission to sell FPL's block of interest sensitive life insurance policies to a financially weaker Oklahoma insurer. James McNeill and his son, Dennis, independent Arkansas insurance agents doing business as McNeill Agency, Inc., had previously...

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