Attorney General Ex Rel. Commissioner of Insurance v. Lapeer Farmers' Mutual Fire Insurance

In June, 1934, two examiners of the .department of insurance reported to the commissioner of insurance for the State of Michigan that a partial examination of the books and records of the Lapeer 'Farmers’- Mutual Fire Insurance Association, hereinafter referred to as the association, revealed that the business of 'that company was being conducted improperly. They recommended a thorough reorganization. A similar report was made in June, 1935. On August 19; 1935, at a special meeting, the board of directors of the association passed a resolution directing the secretary to petition the…