Commercial Standard Insurance v. Moody

Mr. Judge BISHOP

delivered the opinion of the Commission of Appeals, Section A.

The relator, Commercial Standard Insurance Company, was in 1924 incorporated under the laws of this State with a capital stock of $100,000.00, and authorized by its charter to do all the kinds of business provided for in Article 4862, Revised Civil Statutes of 1911, as amended by the 33rd Legislature, Ch. 108, p. 209, Sec. 1, in 1913, which is as follows:

“It shall be lawful for any insurance company doing business in this state under the proper certificate of authority, except a life or health insurance company to…