CGU Life Insurance Co. of America v. Metropolitan Mortgage & Securities Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that although annuities differ from life insurance policies,.the statutes governing insurance include annuity contracts under the authority and jurisdiction of the insurance department
• Observing that in Pennsylvania, “nonassignment clauses are valid, although the Pennsylvania courts scrutinize them carefully by examining both the specific language used and the purposes for which they have been inserted.”
• finding party’s argument that trial court abused its discretion in considering “tangential considerations” beyond those enumerated in Rule 213.1(c) lacked merit because it conflicted with the Rule’s plain language directing that court may consider “other matters.”
• finding party’s argument that trial court abused its discretion in considering “tangential considerations” beyond those enumerated in Rule 213.1(c) lacked merit because it conflicted with the Rule’s plain language directing that court may consider “other matters.”
• “Where . . . an assignment is effective, the assignee stands in the shoes of the assignor and assumes all of his rights.”

Source: CourtListener parenthetical corpus (CC0).