Insurer Tells 1st Circuit Court Erred In Ruling On Validity Of Annuity

(December 20, 2016, 11:22 AM EST) -- BOSTON — An insurance company contends that the First Circuit U.S. Court of Appeals should reverse a lower court’s decision and find that a ruling on the validity of two annuity policies could be issued only when all parties to the policies in question are present.  Moreover, even if the merits of the case could have been addressed at the lower court, there were no valid legal reasons to annul the policies, the insurer says (Damaris Maldonado Vinas, et al. v. National Western Life Insurance Company, No. 16-1737, 1st Cir.)....