Rosenstock v. Wheeler

BELL, Chief Justice.

On January 28, 1947, Will G. Knox was appointed receiver of Texas General Under writers. Texas General Underwriters was a reciprocal insurance exchange formed pursuant to and operating under the authority conferred by Articles 5024-5033, Revised Civil Statutes of Texas. Appellant, J. M. Rosenstock, was attorney-in-fact for subscribers at the Exchange. On January 23, 1947, appellant wrote the Board of Insurance Commissioners that the Exchange was insolvent and requested that appropriate steps be taken to wind up its affairs. It was pursuant to this request that a receiver…