MEMORANDUM OPINION
JOHN FLOWERS, Bankruptcy Judge.
Command Energy Corporation seeks recovery of the 12% penalty provided by Article 3.62 of the Texas Insurance Code against the Mutual Benefit Life Insurance Company of Newark, New Jersey. Both parties have filed motions for summary judgment. Command's motion will be denied, and the motion of Mutual will be granted.
It is undisputed that Command is the named beneficiary under policy number 6-832-357...
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