Union Mutual Casualty Insurance v. Insurance Budget Plan, Inc.

This bill in equity was brought by a receiver, appointed by the Superior Court, in the name and behalf of the Union Mutual Casualty Insurance Corporation (herein referred to as the plaintiff or the plaintiff corporation), a corporation organized under the laws of the State of New York which had been engaged in this Commonwealth in the business of issuing policies of liability insurance on the mutual plan ■— particularly to owners of motor vehicles — to obtain an accounting by the defendant Insurance Budget Plan, Inc. (herein referred to as the defendant), a corporation organized under the…