In Re United Mutual Fire Insurance Co.
Supreme Court of Rhode Island
Petition of a receiver of an insolvent mutual insurance company for instructions upon points the nature of which sufficiently appear in the opinion.
1Opinion of the Court
Stiness, J.(1) The receiver sets out in his petition for instructions that the insolvent company has issued policies in many States outside of Rhode Island, but that it has complied with the laws of only two of those States; also, that most of such policies contain a provision that in consideration of “ an increased premium ” the insured should be exempt from all liability to assessment.
Either of these grounds would be enough to prevent the receiver from collecting an assessment. It could hardly be expected that the comity which allows a receiver from another jurisdiction to bring a suit…
2Cases cited2 opinions
- In Re the Equitable Reserve Fund Life Ass'nNew York Court of Appeals · 1892
- Fogg v. Supreme Lodge of the United Order of the Golden LionMassachusetts Supreme Judicial Court · 1893
3Cited by2 opinions
- Abedon v. Providence Redevelopment AgencySupreme Court of Rhode Island · 1975
- Lees v. Industrial Trust Co.Supreme Court of Rhode Island · 1941