Central States Life Insurance v. State

This suit was brought in the chancery court of Pulaski County by the State of Arkansas against appellant, a foreign life .insurance company, doing business in Arkansas, under act No. 235 of 1931, amending § 9963 of Crawford & Moses’ Digest for a privilege tax of 2% per cent, on the gross premium receipts for the years 1931, 1932 and 1933 paid said appellant oil life insurance policies originally issued by Home Life Insurance Company, a domestic corporation, and assumed by appellant under a contract termed “Reinsurance Agreement,” entered into between appellant and said Home Life Insurance…