Gauss v. Central West Casualty Co.

Part 1, chapter 3 of Act No. 256, Puh. Acts 1917, known as the “Insurance Code” (3 Comp. Laws 1929, § 12263 et seq.), provides for the “liquidation and dissolution of domestic insurance companies.”

On April 4, 1933, the plaintiff, commissioner of insurance, pursuant to the provisions of said law, filed a hill of complaint in the circuit court for the county of Wayne, setting forth that the Central West Casualty Company was a domestic corporation, organized “to write fidelity and surety and casualty insurance;” that at his instance an examiner of his department had been examining the books,…