Hall v. Clay

OPINION op the Court by

Judge Hannah

Reversing.

H. E. Hall and others, in the manner provided for in Section 661, Kentucky Statutes, applied to the Commissioner of Insurance for the State of Kentucky for a license or certificate of incorporation, granting to a company sought to be organized by them authority to do business as W Assessment or Co-operative Life Insurance Compány, which authority the Commissioner declined to grant upon the ground that the incorporators *198had failed to comply -with Section 2 of Chapter 114 of the Acts of 1912, requiring that a guarantee fund of the value of $100,000…