Aetna Life Insurance v. Nalibotsky

Opinion by

Keller, J.,

The State has seen fit to place insurance contracts on a different footing from ordinary ones, and to impose certain regulations, limitations and restrictions upon them, which are not applicable to contracts in general: Act of May 17, 1921, P. L. 789, 810-818. For example, it supervises the form of the contract; provides that no one may transact business as the agent of an insurance company without first securing a license from the insurance commissioner, the application for which must be vouched for by the indorsement of the company; requires insurance companies to…