Court Opinion

ID: 9704453
Source: CourtListenerOpinion
Date Created: 2023-08-26 00:36:21.692866+00
Date Added: 2024-06-11T18:22:02.559301
License: Public Domain

BAKER, Judge,
concurring.
I concur in result but I am compelled to write separately. I disagree with the majority's determination in Issue I that the automatic termination upon takeover provision of the fidelity bond does not violate public policy; however, the Indiana Department of Insurance specifically approved of the language in the bond issued by F & D. Thus, because the Commissioner of the Department of Insurance was appointed Liquidator and seeks recovery under the fidelity bond, I believe the Indiana Department of Insurance is es-topped from challenging the validity of the automatic termination upon takeover provision of the fidelity bond.