HEINE v. NEW YORK LIFE INS. CO.

No. 6405.

50 F.2d 382 (1931)

HEINE v. NEW YORK LIFE INS. CO.

Circuit Court of Appeals, Ninth Circuit.

May 25, 1931.


Attorney(s) appearing for the Case

C. T. Haas and E. B. Seabrook, both of Portland, Or., for appellant.

Huntington, Wilson & Huntington and Clark & Clark, all of Portland, Or., for appellee.

Before WILBUR and SAWTELLE, Circuit Judges, and NETERER, District Judge.


NETERER, District Judge (after stating the facts).

The agency in Germany was established as a distinct entity, a German creation under German law. A reserve fund was made and all premiums received were placed in that fund and invested in Germany under German official approval. Upon creation of "Kronos," all funds and property of appellee in Germany were delivered to and supervision and execution of power assumed by the German Federal Insurance Board, and additional...

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