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UNISYS CORP. v. INS. COMMISSIONER

Docket No. 211418.

601 N.W.2d 155 (1999)

236 Mich. App. 686

UNISYS CORPORATION and CoreStates Bank, N.A., Plaintiffs-Appellants, v. COMMISSIONER OF INSURANCE and Michigan Life & Health Insurance Guaranty Association, Defendants-appellees.

Court of Appeals of Michigan.

Decided August 3, 1999, at 9:20 a.m.

Released for Publication October 22, 1999.

Attorney(s) appearing for the Case

Knaggs, Harter, King & Brake, P.C. (by David R. Brake), Lansing, and Pepper Hamilton LLP (by Laurence Z. Shiekman and John Hyle), Philadelphia, PA, for Unisys Corporation and Corestates Bank, N.A.

Jennifer M. Granholm, Attorney General, Thomas L. Casey, Solicitor General, and Larry F. Brya, Assistant Attorney General, for Insurance Commissioner.

Colpean & Associates (by John C. Colpean and Patricia M. McBain), Lansing, for Michigan Life and Health Insurance Guaranty Association.

Before HOLBROOK, Jr., P.J., and O'CONNELL and ZAHRA, JJ.

O'CONNELL, J.

Plaintiffs Unisys Corporation and CoreStates Bank, N.A., brought this declaratory judgment action on behalf of Michigan residents who participated in the Unisys Savings Plan and the Unisys Retirement Investment Plan, seeking recovery under the Michigan Life and Health Insurance Guaranty Association Act, M.C.L. § 500.7701 et seq.; MSA 24.17701 et seq., for losses arising from the insolvency of Executive Life Insurance Company (ELIC...

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