OXENDINE v. COMMISSIONER OF INS. OF N.C.

Nos. A97A1295, A97A1296 and A97A1380.

494 S.E.2d 545 (1997)

229 Ga. App. 604

OXENDINE v. COMMISSIONER OF INSURANCE OF NORTH CAROLINA. OXENDINE v. FICA MARKETING, INC. OXENDINE v. FICA MARKETING, INC. et al.

Court of Appeals of Georgia.

Certiorari Denied March 6, 1998.


Attorney(s) appearing for the Case

Thurbert E. Baker, Attorney General, Brenda H. Cole, Deputy Attorney General, Morris, Manning & Martin, Lewis E. Hassett, William J. Sheppard, Atlanta, for appellant.

Carr, Tabb & Pope, W. Pitts Carr, Hezekiah Sistrunk, Jr., Edwin J. Schklar, Michael S. Bailey, Atlanta, for appellees.

Hicks, Maloof & Campbell, Henry F. Sewell, Jr., Atlanta, amicus curiae.


BIRDSONG, Presiding Judge.

These appeals have been consolidated for appellate review because they arise from proceedings concerning the insolvency of Coastal States Life Insurance Company. When Coastal States first appeared in financial difficulty, the Georgia Commissioner of Insurance, under OCGA § 33-37-10, initiated a court-approved rehabilitation plan to restore the company to financial health. In that process, the Georgia Commissioner agreed to settle the...

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