People Ex Rel. American Bankers Insurance v. Palmer

Pursuant to leave granted, the American Bankers Insurance Company (hereinafter called the company) has filed its petition for a writ of mandamus to compel the defendant, Ernest Palmer, the Director of Insurance of the State of Illinois, to recognize the validity of policy liens described in the petition and to take such liens into consideration in valuing the outstanding policies issued by the company, in accordance with the statutes of this State.

The petition alleges as follows: The company is a corporation organized and existing under the laws of this State providing for the organization of…