National Savings Life Insurance v. Hobbs

The opinion of the court was delivered by

Burch, J.:

The action is one of mandamus commenced in this court by a life insurance company organized under the laws of this state to compel the commissioner of insurance of this state to certify an insurance policy to be issued by plaintiff. The statute reads as follows:

*664“Sec. 40-404. Any life insurance company now or hereafter organized under the laws of this state shall deliver to the commissioner of insurance, to be deposited with the state treasurer in addition to the amount of capital required to be deposited, cash or securities of the kind or…