UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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WASHINGTON,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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Pursuant
to Section 13 or 15(d) of
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the
Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported) February 3,
2010
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NATIONAL
WESTERN LIFE INSURANCE COMPANY
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(Exact
Name of Registrant as Specified in Its Charter)
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COLORADO
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84-0467208
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(State
or Other Jurisdiction of Incorporation)
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(I.R.S.
Employer Identification Number)
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2-17039
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(Commission
File Number)
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850
EAST ANDERSON LANE, AUSTIN, TEXAS
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78752-1602
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(Address
of Principal Executive Offices)
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(Zip
code)
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(512)
836-1010
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(Registrant's
Telephone Number, Including Area Code)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
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(17
CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
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(17
CFR 240.13e-4(c))
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Item
8.01 Other Events
National
Western Life Insurance Company (the “Company”) is the named Defendant in the
case of Sheila Newman vs.
National Western Life Insurance Company which alleged mishandling of
policyholder funds by an agent. On February 3, 2010, the 415th
Judicial District Court of Parker County in Weatherford, Texas, entered a Final
Judgment against the Company of approximately $208,000 for actual damages,
attorney’s fees for preparation of trial, and prejudgment interest on the actual
damages. In addition, the Final Judgment included $150 million for
exemplary damages.
The
Company will continue to vigorously defend this case by filing an appeal of the
Final Judgment with the proper Court of Appeals in Texas. The Company
believes the Final Judgment is inconsistent with current state and federal laws
and intends to establish on appeal that it is not liable for the Plaintiff’s
actual or exemplary damages.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
NATIONAL
WESTERN LIFE INSURANCE COMPANY
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Date:
February 9, 2010
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By:
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/S/
Brian M. Pribyl
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Brian
M. Pribyl
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Senior
Vice President
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Chief
Financial Officer and Treasurer
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