LONG, Justice.
Texas Fire & Casualty Underwriters was a reciprocal insurance exchange organized in Texas under Chapter 20, Title 78, Revised Civil Statutes of 1925, as amended, V.A.T.S., Insurance Code, arts. 19.01 to 19.12. Robinson Torpedo Company, Inc., a Texas corporation, was a policy holder and a subscriber to Texas Fire & Casualty Underwriters from December 31, 1939 to October 25, 1941. By the execution of a written subscriber's agreement, Robinson...
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