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06-2048 - American General Life Insurance Company v. Green

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06-2048 - American General Life Insurance Company v. Green
May 16, 2008
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MEMORANDUM AND ORDER signed by Judge Morrison C. England, Jr on 5/16/2008 GRANTING 15 Motion for Summary Judgment by American General Life Insurance Company. AG's request for an order declaring and adjudging that AG Policy No. YM001651575 is null and void ab initio and rescinded is GRANTED. Ms. Green is not entitled to the death benefit under the Policy and is entitled only to a refund of premiums paid for the Policy plus accrued interest, which is to be calculated pursuant to CA Civil Code Sec 3289. AG is ORDERED to issue such amount to Ms. Green within thirty 30 days of the date of this Order. The Clerk of the Court is directed to enter judgment in favor of Plaintiff and Cross-Defendant and close the file. CASE CLOSED (Reader, L) Modified on 5/16/2008 (Reader, L).