Neblett v. Carpenter

The questions raised are whether proceedings for the rehabilitation of an insurance company, pursuant to the Insurance Code of California, 1 unconstitutionally deprive policy holders of their property without due process of law, or impair the obligation of their contracts. 2

For many years the Pacific Mutual Life Insurance Company of California has written life, health, and accident insurance. Since 1918 it has issued noncancelable health and accident policies. The Insurance Commissioner of California determined that, while the life and general health and accident business was in sound…