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KAVANAUGH v. UNDERWRITERS LIFE INS. CO.

No. 2913.

231 S.W.2d 753 (1950)

KAVANAUGH et al. v. UNDERWRITERS LIFE INS. CO. et al.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied July 13, 1950.

Attorney(s) appearing for the Case

Cofer & Cofer, Austin, H. S. Beard, Waco, for appellants.

Black & Stayton, Austin, Richey, Sheehy & Teeling, Waco, for appellees.

LESTER, Chief Justice.

John H. Kavanaugh and two other policyholders brought this suit against the Underwriters Life Insurance Company, a mutual assessment company, and its directors and officers, alleging mismanagement upon the part of said directors in that monthly assessments levied by the directors are inadequate to pay the claims that will arise under the outstanding policies heretofore issued by said company. They...

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