Court of Appeals for the Fifth Circuit June 20, 1989, Nos. 88-3508, 88-3769 (Crist v. Sharp Electric, Inc.)

E. GRADY JOLLY, Circuit Judge:

In this diversity case, when the insurer was declared insolvent, the insureds owed the insurer some $194,000 in unpaid premiums. The insurer, however, because of insolvency, failed to defend claims after the date of insolvency.