Unity Life Insurance Company v. Hulsey

Jenkins, Presiding Justice.

A Georgia holder of endowment policies in a South Carolina life insurance company brought in the superior court a petition against that company and an Alabama life insurance company, to enjoin the insurer from transferring to the latter company certain assets in consideration of the latter reinsuring the policyholders of the insurer company, with optional rights to surrender their policies and receive the cash values therein provided. The record shows that this transfer agreement between tbe companies was authorized by a final decree of a South Carolina court, under…