Aetna Ins. Co. v. Hyde

STONE, Circuit Judge.

Section 6283, Rev. St. Mo. 1919-, authorizes the superintendent of insurance of that state to reduce the rates of stock fire insurance companies, whenever the earnings of such companies, for five years, show “an aggregate profit therein in excess of what is reasonable,” so as to limit the “aggregate collections by insurance companies in this state to not more than a reasonable profit.” Section 6284 provides a review of such orders “by a proper action in the courts” wherein the “entire matter shall be treated and determined de novo” and pending which the rates fixed in…