Central Mutual Auto Ins. v. Insurance Commissioner

The Central Mutual Auto Insurance Company was incorporated in 1921 under the general insurance law, pt. 5, chap. 3. See 3 Comp. Laws 1929, § 12654 et seq. (Stat. Ann. § 24.528 et seq.). On June 15, 1937, a custodian was appointed for its property and assets by Judge Carr, of the circuit court of Ingham county, who subsequently entered an order, of liquidation and appointed the commissioner of insurance as its receiver. The receiver promptly filed a petition for leave to make an assessment upon those members of the company liable for such assessment, and secured an ex parte order. An order to…