Shehan v. Lord Calvert Mutual Benefit Society

BOND, J.—

The only steps provided for by the statute under and in accordance with which this proceeding has been taken by the Insurance Commissioner, are these:

The Commissioner, upon coming to the belief that any insurance company is insolvent or fraudulently conducted that its assets are not sufficient for carrying on its business, or that it is not complying with the statutes, is obliged to make complaint upon that conclusion to the judge of one of the circuit courts.

Upon requisition of the Commissioner, the judge is then required to appoint a commissioner to investigate and make a report to…