Prudential Insurance Co. of America v. Kavanaugh

This is a class suit brought by the Prudential Insurance Company of America, which we herein designate as “the Company,” on behalf of itself and all others similarly situated, against Luke J. Kavanaugh, as Commissioner of Insurance of the State of Colorado, hereinafter called “the Commissioner.”

The suit involves the interpretation of section 14, chapter 87, ’35 C.S.A., as amended, S.L. ’41, p. 515, the pertinent portion of which reads as follows: “All insurance companies doing business in this state shall pay to the state treasurer, through the commissioner’s office a tax of two per cent (2%)…