Lumbermen's Underwriters v. State Board of Insurance

PHILLIPS, Chief Justice.

In the year 1900 three hundred retail lumber dealers of this state organized for the purpose of providing fire insurance protection for their own lumberyards and residences. This organization was and is that of a classic reciprocal insurance exchange and its purpose remains unchanged to this day. With the exception of optional extended coverage protection, 1 it writes no other form of casualty insurance. It has the same number of subscribers today as it had when organized in 1900. Their subscribers are recruited exclusively from the retail lumber dealers of Texas. 2

Appe…