Arroyo v. Chesapeake Insurance

Opinion by

Hoffman, J.,

The Chesapeake Insurance Company, a Maryland corporation, was declared insolvent on November 12, 1965. The Circuit Court of the City of Baltimore named Francis Burch, Maryland Insurance Commissioner, as statutory receiver. Commissioner Burch was directed to liquidate the corporation and to take possession of its assets in his own name.

*176The company’s business had been suspended in this Commonwealth by the Pennsylvania Insurance Commissioner on May 27, 1965. However, no ancillary receiver was appointed here.

On March 16, 1966, plaintiff, Juan Arroyo, brought this action in…