NEUMAN, Justice.
Two insurance companies in receivership—Integrated Resources Life Insurance Co. (Integrated) and Fidelity Bankers Life Insurance Co. (Fidelity)—dispute the impact of an assumption agreement executed between Integrated and its delegate, North American Reassurance (NARe). Integrated persuaded the district court that Fidelity's willingness to forward premiums to NARe meant that Fidelity thereby released Integrated from their mutual reinsurance...
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