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COMMONWEALTH OF PUERTO RICO v. PAN AMERICAN LIFE INS. CO.

Civ. No. 92-65.

307 F.Supp. 1065 (1969)

COMMONWEALTH OF PUERTO RICO, Plaintiff, v. PAN AMERICAN LIFE INSURANCE COMPANY, Defendant.

United States District Court D. Puerto Rico.

December 30, 1969.

Attorney(s) appearing for the Case

William Naveira, San Juan, P. R., for the Commonwealth of P. R.

A. Santiago-Villalonga, for Hartzell, Fernández, Novas & Ydrach, San Juan, P. R., for defendant.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

CANCIO, Chief Judge.

The plaintiff, the Commonwealth of Puerto Rico's Employees Retirement System (hereinafter called the Retirement System), instituted this action against the defendant, the Pan American Life Insurance Company (hereinafter called Pan American or the Company) to recover on a credit life insurance policy issued by said defendant upon the life of one of the borrowers of the Retirement System. Admitting...

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