Michel v. Southern Insurance

Defendant corporation was a stock company organized under the laws of this State, and prior to January 21, 1909, was engaged in the business of underwriting fire risks.

On that day plaintiff, who is ex officio Commissioner of Insurance, applied to the court a qua to’ appoint a receiver for the defendant, alleging as grounds for the application, failure of defendant to comply with certain provisions of the insurance laws and his belief that defendant was insolvent.

This application was not opposed by defendant, but on the contrary, it appeared at once confessing the truth of plaintiff’s…