Commonwealth v. Keystone Indemnity Exchange

Wickersham,

additional law judge,

This case comes before us on exceptions to the first report, *506audit, and petition filed by the statutory liquidator of the Keystone Indemnity Exchange, defendant.

History of the case

The Keystone Indemnity Exchange began operation September 10,1919, under the Act of June 27,1913, P. L. 634, which authorized and regulated indemnity reciprocal or inter-insurance contracts. With the adoption of The Insurance Company Law of May 17,1921, P. L. 682, the said exchange, defendant, operated under its terms since the latter act repealed the said Act of 1913.

The Act of April…