Legal Opinion
In Re Rehabilitation of American Investors Assurance Co.
Utah Supreme Court
Decided April 17, 1974No. 13388PublishedCited by 4 opinions
1Opinion of the Court
CALLISTER, Chief Justice:
Shareholder, David G. Elmore, on behalf of himself and all other shareholders of American Investors Assurance Company (hereinafter A.I.A.) appeals from a decree of the district court approving a plan of rehabilitation recommended by the deputy insurance commissioner.
In September 1971, the insurance commissioner applied for an order directing him to rehabilitate A.I.A., a domestic insurer, on the ground that the company was insolvent, as provided in Section 31-28-2, U.C.A.1953. The trial court issued an order placing the company under control of the commissioner and…
2Cases cited4 opinions
- Carpenter v. Pacific Mutual Life InsuranceCalifornia Supreme Court · 1937
- State v. WhiteWashington Supreme Court · 1968
- Kueckelhan v. Federal Old Line InsuranceWashington Supreme Court · 1968
- McCulloch v. HortonMontana Supreme Court · 1937
3Cited by4 opinions
- Meyers v. MoodyCourt of Appeals for the Fifth Circuit · 1982
- In Re Ambassador Ins. Co., Inc.Supreme Court of Vermont · 1986
- Sierra Life Insurance Co. v. WigenNorth Dakota Supreme Court · 1979
- Fed. Sec. L. Rep. P 99,028 David C. Meyers v. Shearn Moody, Jr., Bernard Haines v. Shearn Moody, Jr., Tharpe Forrester, Receiver-Appellee v. Shearn Moody, Jr.Court of Appeals for the Fifth Circuit · 1982