Key Western Life Insurance v. State Board of Insurance

This is a direct appeal from a decision of the District Court of Travis County affirming an action of the Commissioner of Insurance and the State Board of Insurance. The appeal is authorized by Section 3b of Article 5 of the Texas Constitution; Article 1738a, Vernon’s Civil Statutes, and Rule 499a, Texas Rules of Civil Procedure.

Appellant is a life insurance company with home offices in Abilene. Appellant’s Policy Form Pic No. 1 was approved by the Commissioner of Insurance on August 27, 1957, in accordance with the provisions of Article 3.42 of the Insurance Code, and appellant immediately…