The appellant life insurance company appealed a trial judgment awarding its former agent damages for breach of fiduciary duty, punitive damages, and vested renewal commissions following his termination.
The trial judge found the appellant breached its fiduciary duty by freezing the agent's vested commission account and acted in bad faith in its post-termination conduct.
The Court of Appeal upheld the trial judge's findings on the vested commissions, the breach of fiduciary duty, the punitive damages award, and the dismissal of the appellant's counterclaim.
However, the Court of Appeal allowed the appeal regarding the trial judge's award of a risk premium on costs, holding that the amended Rule 57.01 of the Rules of Civil Procedure does not permit a risk premium to be awarded against an unsuccessful party.