International Service Insurance Co. v. Dallas Ass'n of Insurance Agents

Believing that the agreement in suit is in essence and substance an agreement absolutely fixing the liability of the obligor, International, to compensate insureds for losses resulting from fire, I respectfully dissent.

Companies engaging in the fire insurance business in this State must, unless exempted by law or unless the right to deviate (sell for less) has been authorized by the Board, charge and collect premiums which have been “exclusively fixed and determined and promulgated by the Board * * Art. 5.26, Insurance Code.

Appellant Fort ¡Worth Lloyds is exempt from this statutory provision.…