Lincoln Bus Co. v. Jersey Mutual, C., Co.

The defendant company insured taxicab and jitney bus owners against liability. For the history of how this insolvent mutual insurance company landed here, see 112 N.J. Eq. 523.

The receiver now petitions for leave to assess the two thousand four hundred policy holders upon their contingent liability under their policies and the statute, to put him in funds to pay losses. Upon the return of the order to show cause a few appeared and objected to his method. Ordinarily the matter would be referred to a master, but they asked the court to hear their objections.

Section 6 of the Insurance act of…