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INDPCE. INS. CO. v. INDPT. LIFE & ACC. INS. CO.

16414

218 S.C. 22 (1950)

61 S.E.2d 399

INDEPENDENCE INS. CO. v. INDEPENDENT LIFE & ACC. INS. CO., A FLORIDA CORPORATION.

Supreme Court of South Carolina.

September 27, 1950.

Attorney(s) appearing for the Case

Mr. Lee Guest, of Jacksonville, Fla., and Messrs. Mozingo & Watts, of Darlington, Charles B. Elliott and McKay & McKay, of Columbia, for Appellant.

Messrs. John M. Daniel, Attorney General, of Columbia, Brown & Jefferies, of Barnwell, and Williams & Henry, of Greenville, for Respondent.

Mr. Lee Guest, of Jacksonville, Fla., and Messrs. Mozingo & Watts, of Darlington, Charles B. Elliott and McKay & McKay, of Columbia, for Appellant, in reply.

September 27, 1950.

STUKES, Justice.

Independence Insurance Company was incorporated in this state in 1930 and has been regularly licensed each subsequent year by the State Insurance Commissioner. Originally it issued life, health and accident policies, but in December, 1938, it reinsured its life insurance business with another company and thereafter confined its activity to the other lines. That transaction is referred to in the record as a sale of its life...

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