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METCALF v. INVESTORS EQUITY LIFE INS.

No. 18691.

910 P.2d 110 (1996)

80 Hawai`i 339

Wayne METCALF, Insurance Commissioner of the State of Hawai`i, Petitioner-Appellee, v. INVESTORS EQUITY LIFE INSURANCE COMPANY OF HAWAI`I, LTD., a Hawai`i Corporation, Respondent, and Investors Equity Life Insurance Holding Company, Intervenor-Appellant.

Supreme Court of Hawai`i.

January 11, 1996.

Attorney(s) appearing for the Case

Wayne S. Sakamoto (of counsel) (John Francis Perkin, Lyle Hosoda, Kimble R. Cook and Donald L. Wilkerson, with him on the briefs, of Perkin & Hosoda), Honolulu, for intervenor/respondent-appellant.

John Y. Yamano (William C. McCorriston and Joel D. Kam, with him on the brief, of McCorriston Miho Miller Mukai), Honolulu, for petitioner-appellee.

David J. Reber (Karen L.S. Stanitz and Russell K. Kaupu, with him on the brief, of Goodsill Anderson Quinn & Stifel), Honolulu, for intervenor-appellee.

Before MOON, C.J., and KLEIN, LEVINSON, NAKAYAMA and RAMIL, JJ.

PER CURIAM.

Intervenor-Appellant Investors Equity Life Insurance Holding Company (IELHC) appeals from the circuit court's January 27, 1995 order granting Petitioner-Appellee's petition to liquidate Investors Equity Life Insurance Company of Hawaii (IEL) pursuant to Hawai`i Revised Statutes (HRS) chapter 431, article 15 (1993), the Insurers Supervision, Rehabilitation and Liquidation Act (Article 15).2 IELHC, which is IEL's parent

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