Commissioner of Insurance v. Massachusetts Accident Co.

On August 23, 1939, the petitioner, the commissioner of insurance, filed a petition against the respondent, an accident and health insurance company, seeking his appointment as receiver “to rehabilitate such company and conserve its assets” under G. L. (Ter. Ed.) c. 175, §§ 180A-180L, inclusive, inserted by St. 1939, c. 472, § 3. On that day he was appointed "temporary receiver, and on August 30,1939, permanent receiver. On February 2, 1940, *239the commissioner brought another petition under § .1800, alleging, the insolvency of the respondent, and on February 23, 1940, a single justice ordered…