- 67 - Q. And liability insurance cases. Did you ever request a legal opinion as to whether UPS's activity was similar or distinguishable? A. No. Q. During the negotiations, did you ever request an opinion regarding whether federal transportation law preempted state regulation? A. No, I didn't. Q. Okay. At some point in late 1984, UPS decided to go forward with the transaction. Correct? A. 1983. Q. 1983. I'm sorry. A. 1983, yes. Q. And it -- A. I don't know if it was late in 1983. Q. It's not my intention to quibble about the date. Sometime in 1983, UPS decided to go forward. A. Yes. Q. And at some point, the structure was fairly known to you. National Union would be involved, and OPL would be the reinsurer. Is that correct? A. Yes. Q. At that point in time, did you request a legal opinion as to whether that satisfactorily alleviated your concerns about state regulation? A. No. Q. Did UPS? A. Not that I'm aware of. Q. Now, was --Page: Previous 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 Next
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