Cochrane v. Pacific States Life Insurance

The plaintiffs below, defendants in error here, are life insurance corporations organized and existing under the laws of the state of Colorado. Each of them is a legal reserve company and under its charter is a joint stock company and has power to make insurance upon lives and to issue health and accident insurance and to grant, purchase and dispose of annuities, and is duly licensed and authorized by the insurance commissioner of Colorado to carry on such business. The Pacific States company since its organization has been actually engaged in the business of insurance in Colorado and other…