National Benefit Accident Ass'n v. Murphy

The plaintiff in this case was originally incorporated as an Iowa corporation under the name, Hawkeye Commercial Men’s Association, in May 1906, for the purpose of writing mutual accident insurance and funeral benefits on the assessment plan. In January 1919, the corporation filed amended and substituted articles of incorporation which stated that the object of the corporation was to perfect and maintain a mutual accident insurance association upon the assessment plan, the provision in regard to writing funeral benefits being dropped. In 1926, renewal, amended and substituted articles of…