Prudential Insurance Co. of America v. Green

Plaintiff, in its petition, asserts that it issues three types of level premium life insurance policies, known as industrial, intermediate, and ordinary life policies; premiums on industrial policies axe paid weekly, those on intermediate policies are paid monthly, and on ordinary life policies they are paid annually, semiannually, or quarterly; all three types are pax-tieipating policies and contain provisions that dividends thereon may be credited as paid-up additions to the amount of insur- anee; defendant State Tax Commission, purporting to act under section 7022 of the Code, 1939,…