Aetna, C., Co. v. International, C., Corp.

Liberty Surety Bond Company, a corporation organized under the insurance law of the State of New Jersey, deposited with the commissioner of banking and insurance of this state, pursuant to section 10 of the Insurance Company act, two bonds and mortgages of $65,000 and $45,000 respectively, "for the benefit and security for all the policyholders of the company depositing the same."

It thereafter commenced to do business and wrote divers policies or contracts of insurance, including one or more whereby it insured Aetna Casualty and Surety Company. Subsequently it commenced a voluntary…