State Mutual Life Assurance Co. of America v. State

HUGHES, Justice.

The State of Texas filed this suit through its Attorney General at the request of the State Board of Insurance to cancel the license or certificate of authority under which appellant, State Mutual Life Assurance Company of America, does an insurance business in Texas, and for ancillary injunctive relief.

The basis of the State’s case is that appellant has violated Art. 3.50 of the Insurance Code of Texas, V.A.T.S. by effecting a contract of life insurance covering a group in Texas, -which group is inadmissible under such statute.

Section 4 of Art. 3.50, I.C.T., provides:

“Except…