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TRAVELERS HEALTH ASSN. v. VIRGINIA EX REL. STATE CORPORATION COMMISSION.

No. 76.

339 U.S. 643 (1950)

TRAVELERS HEALTH ASSOCIATION ET AL. v. VIRGINIA EX REL. STATE CORPORATION COMMISSION.

Supreme Court of United States.

Reargued April 17, 1950.

Decided June 5, 1950.

Attorney(s) appearing for the Case

Moses G. Hubbard, Jr. argued the cause for appellants. With him on the brief was Thomas B. Gay.

Walter E. Rogers, Assistant Attorney General of Virginia, argued the cause for appellee. With him on the brief was J. Lindsay Almond, Jr., Attorney General.

A brief supporting appellee was filed as amici curiae by Nathaniel L. Goldstein, Attorney General, Wendell P. Brown, Solicitor General, and John C. Crary, Jr., Assistant Attorney General, for the State of New York; William L. Phinney, Attorney General, for the State of New Hampshire; and Hall Hammond, Attorney General, for the State of Maryland.

MR. JUSTICE BLACK delivered the opinion of the Court.

In an effort to protect its citizens from "unfairness, imposition or fraud" in sales of certificates of insurance and other forms of securities, the Virginia "Blue Sky Law" requires those selling or offering such securities to obtain a permit from the State Corporation Commission.1 Applicants for permits must meet comprehensive conditions: they must, for example, provide detailed information...

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