People Ex Rel. Lowe v. Marquette National Fire Insurance

Whether the Attorney General is required to act in behalf of the liquidator of a defunct insurance company is a question vital to the decision in the instant case. Still, it is subordinate to the question of substantive law involved in the liquidation of insolvent insurance companies. The majority opinion of this court concedes that the business of insurance is so charged with public interest that it is a proper subject of statutory regulation, but it holds what I think no other court has ever held, certainly not within the present generation, that the liquidation of such a company is not a…