Caminetti v. Imperial Mutual Life Insurance Co.

This is an appeal by the Insurance Commissioner of the State of California from a judgment rendered pursuant to section 1012 of the Insurance Code restoring to Imperial Mutual Life Insurance Company (hereinafter referred to as Imperial Mutual) business and properties which had theretofore been taken over by the commissioner under section 1011 of the Insurance Code.

The insurance company here involved was incorporated in 1927 as a mutual benefit association under the assessment plan as provided for in what was commonly known as chapter 4 of the Civil Code. Chapter 4 was thereafter superseded by…