Farm and Ranch Life Insurance Co., Inc., in Liquidation, by and Through Hugh Alexander, Deputy Receiver v. Wheels Life Insurance Co., Ltd., a Cayman Islands Corporation, Farm and Ranch Life Insurance Co., Inc., in Liquidation, by and Through Hugh Alexander, Deputy Receiver v. Wheels Life Insurance Co., Ltd., a Cayman Islands Corporation

951 F.2d 359 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. FARM AND RANCH LIFE INSURANCE CO., INC., In Liquidation, by and through Hugh Alexander, Deputy Receiver, Plaintiff-Appellant, v. WHEELS LIFE INSURANCE CO., LTD., a Cayman Islands corporation, Defendant-Appellee. FARM AND RANCH LIFE INSURANCE CO., INC., In Liquidation, by and through Hugh Alexander, Deputy Receiver, Plaintiff-Appellant, v. WHEELS LIFE INSURANCE CO., LTD., a Cayman Islands corporation, Defendant-Appellee. Nos. 90-35638, 90-35905. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 10, 1991. Decided Dec. 24, 1991. Before GOODWIN, SCHROEDER and NOONAN, Circuit Judges. 1 MEMORANDUM * 2 Farm and Ranch Life Insurance Co., Inc. (F & R), a Kansas corporation, sued Wheels Life Insurance Company, Ltd. (Wheels), a reinsurance company formed by Oregon automobile dealers to reinsure the term life insurance policies written by member dealers. F & R claimed to be the Assignee of…