Commonwealth v. Massachusetts Mutual Fire Insurance
Massachusetts Supreme Judicial Court
The first petition was by George W. Taylor, filed September 29, 1873, alleging that on July 1, 1866, the defendant company insured him against loss by fire on his house and ware-room, in Boston, for the term of seven years ; that on June 18, 1873, the said buildings were partially destroyed by fire; that the amount of the loss was $997, and that proof thereof was duly made.
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The first petition was by George W. Taylor, filed September 29, 1873, alleging that on July 1, 1866, the defendant company insured him against loss by fire on his house and ware-room, in Boston, for the term of seven years ; that on June 18, 1873, the said buildings were partially destroyed by fire; that the amount of the loss was $997, and that proof thereof was duly made. The prayer of the petition was that William Minot, Charles B. Cumings and Lemuel Shaw, who had been appointed receivers of the defendant company, be ordered to appear and show cause why the dividends on the amount due the…
1Opinion of the CourtMorton, J.
1. The directors, by their vote of December 6, 1872, made an assessment of an amount equal to two dollars for each and every dollar advanced as premium and deposit. This was the whole amount to which the members of the corporation were liable to be assessed under the charter and by-laws. So much of this amount has been collected by the receivers, that they have paid in full the principal of all the losses by fire which occurred prior to the date of the vote, and there remains in their hands a large surplus. The first question presented by their petition is whether they shall pay interest upon…
2Cases cited2 opinions
- Commonwealth v. Massachusetts Mutual Fire InsuranceMassachusetts Supreme Judicial Court · 1873
- Commonwealth v. Mechanics Mutual Fire InsuranceMassachusetts Supreme Judicial Court · 1873
3Cited by23 opinions
- People v. . Metropolitan Surety Co.New York Court of Appeals · 1912
- Gleason v. Prudential Fire InsuranceTennessee Supreme Court · 1912
- Dean & Son's AppealSupreme Court of Pennsylvania · 1881
- Insurance Commissioner v. People's Fire InsuranceSupreme Court of New Hampshire · 1894
- Commissioner of Insurance v. Massachusetts Accident Co.Massachusetts Supreme Judicial Court · 1943
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