Metropolitan Life Insurance v. Insurance Commissioner
Massachusetts Supreme Judicial Court
Petition, filed in the Supreme Judicial Court on April 4, 1910, under St. 1907, c. 576, § 75, seeking a review of the action of the insurance commissioner in determining that a certain form of insurance policy described in the opinion, which on April 13, 1909, it had submitted to the commissioner for his approval, did not comply with the requirements of that statute.
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Petition, filed in the Supreme Judicial Court on April 4, 1910, under St. 1907, c. 576, § 75, seeking a review of the action of the insurance commissioner in determining that a certain form of insurance policy described in the opinion, which on April 13, 1909, it had submitted to the commissioner for his approval, did not comply with the requirements of that statute. The case was heard by Braley, J., on the pleadings and an agreed statement of facts, and was reserved for determination by the full court. The sections of the St. 1907, c. 576, which are material to a complete understanding of…
1Opinion of the CourtKnowlton, C. J.
The petitioner brings its petition for a review of the decisión of the insurance commissioner that a certain form of policy presented for his approval, under the St. 1907, c. 576, § 75, does not comply with the requirements of the law of this Commonwealth. The petitioner is a foreign life insurance company, having a capital stock of $2,000,000, with a very large surplus, and it is engaged chiefly in the business of industrial insurance, that is, the issuing of non-participating policies of less than $500 each, with a fixed premium payable in small instalments at short intervals, usually…
2Cases cited1 opinion
- Ætna Life Insurance v. HardisonMassachusetts Supreme Judicial Court · 1908
3Cited by6 opinions
- Provident Life & Accident Ins. v. RimmerTennessee Supreme Court · 1928
- New York Life Ins. Co. v. RositzkyCourt of Appeals for the Eighth Circuit · 1930
- Jones v. Prudential Insurance Co. of AmericaMissouri Court of Appeals · 1921
- Life Insurance v. BrooksCourt of Appeals of Georgia · 1933
- Julius v. Metropolitan Life InsuranceAppellate Court of Illinois · 1921
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