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IN RE UNIVERSE LIFE INS. CO.

No. 31194.

171 P.3d 242 (2007)

In the Matter of the UNIVERSE LIFE INSURANCE COMPANY, In Liquidation. Grain Growers Membership and Insurance Trust, American Soybean Association Membership and Insurance Trust, National Contract Poultry Growers Association Membership and Insurance Trust, American Independent Associations Participating Trusts, and National Growers and Stockmen Group Trust, Appellants, v. Liquidator for the Universe Life Insurance Company, Respondent.

Supreme Court of Idaho, Boise, February 2007 Term.

Rehearing Denied November 27, 2007.

Attorney(s) appearing for the Case

Greener Banducci Shoemaker, PA, Boise, for appellants. Chris Burke argued.

Holland & Hart, Boise, for respondent. Newal Squyres argued.

EISMANN, Justice.

This is an appeal from summary judgments construing insurance policy provisions regarding the amount of money that the insureds are entitled to receive upon termination of the policies. We affirm the district court's construction of two of the policies and reverse it as to the third.

I. FACTS AND PROCEDURAL HISTORY

Universe Life Insurance Company (Universe Life) was a life and health insurance...

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