State v. Life Ins. Co. of Georgia

Bussey, Justice.

The respondent, Life Insurance Company of Georgia, is a foreign insurance company licensed to write both life and accident and health insurance in South Carolina. This action was instituted by the State on May 27, 1968, pursuant to Sec. 37-127 of the Code, to recover certain additional license fees alleged to be due by the respondent under Sections 37-122 and 37-124 of the Code, as well as interest and penalties.

The complaint contained five causes of action based on alleged deficiencies for five different years as follows: first, 1958; second, 1960; third, 1961; fourth, 1964;…