Court Opinion

ID: 9651773
Source: CourtListenerOpinion
Date Created: 2023-08-23 16:41:10.603073+00
Date Added: 2024-06-11T13:29:58.470467
License: Public Domain

VOLINN, Bankruptcy Judge,
concurring:
I concur with the majority ruling as to remand. I write separately to note the following points:
I believe that the transaction before us is an annuity contract without any characteristic of life insurance. The exemption under § 704.100 relating to life insurance is therefore not an issue.
We are unable to rule whether the contract constitutes a private retirement plan exempt under Cal.Civ.Proc.Code see. 704.115 (West 1994) because of questions regarding contract loan value and maturity date acceleration, and because of separate jurisdictional issues. However, I believe that we do have jurisdiction to the extent necessary to order a remand and concur with the majority in this respect.