State ex rel. Safeguard Ins. v. Vorys

Although statutory provisions for deposits such as the $53,000 in deposits made by the indemnity company with *112respondent superintendent are common, there are few helpful precedents with respect to the problem as to when and how companies making such deposits or their successors may get them back. See 23 American Jurisprudence 309, Section 331, 50 American Jurisprudence, 1110, Section 316, 29 American Jurisprudence, 473, Section 57, and annotation 116 A. L. R., 965.

In the petition, relator alleges that the merger of the indemnity company and the other insurance company with relator was made…