Cooke v. Warner
Supreme Court of Connecticut
■Amicable submission to the Superior Court in Hartford County, upon- an agreed statement of facts, of the question whether the plaintiffs, receivers of the insolvent Continental Life Insurance Company,' were entitled to demand and take possession of certain securities deposited by the insurance company before its insolvency with the defendant, the treasurer of the state, as security for its policy holders ; reserved for the advice of this court.
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■Amicable submission to the Superior Court in Hartford County, upon- an agreed statement of facts, of the question whether the plaintiffs, receivers of the insolvent Continental Life Insurance Company,' were entitled to demand and take possession of certain securities deposited by the insurance company before its insolvency with the defendant, the treasurer of the state, as security for its policy holders ; reserved for the advice of this court. The case is fully stated in the opinion.
1Opinion of the Court
Pardeé, J.
In 1862 the legislature granted to certain persons named in the charter and to their successors, under the name of the Continental Life Insurance Company, power, to sell insurance upon lives, for their private profit. The capital stock was fixed at $300,000.
The legislatures of several states forbade it to take premiums within those states severally from the citizens thereof for insurance upon lives, until it had deposited money or securities of the value of $100,000 with the treasurer of *236this state in trust for its policy-holders. For the purpose of aiding it and other like…
2Cited by8 opinions
- Fawcett v. Supreme SittingSupreme Court of Connecticut · 1894
- Brackett v. Middlesex Banking Co.Supreme Court of Connecticut · 1915
- Vandiver v. PoeCourt of Appeals of Maryland · 1913
- McMurray v. CommonwealthMassachusetts Supreme Judicial Court · 1924
- Melrose v. Industrial Associates Inc.Supreme Court of Connecticut · 1950
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