Wheeling Fire Insurance v. Board of Equalization & Review

Lively, Judge:

This ease presents tbe question: Do the taxation laws of this state permit a domestic fire insurance company, in making its return for assessment of taxes, to deduct from its money, credits or investments tbe unearned premiums in its bands?

Tbe Wheeling Fire Insurance Company is a resident domestic corporation engaged in a general fire insurance business. For tbe year 1930, tbe assessor of Ohio County assessed its tangible personal property at $4,000; its money, credits and investments at $408,399 and deducted therefrom two items ($17,300 reserve for miscellaneous items, and…