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OLD RELIABLE MUTUAL INS. CO. v. STATE INSURANCE BOARD

No. 37060.

294 P.2d 294 (1956)

OLD RELIABLE MUTUAL INSURANCE COMPANY, Plaintiff in Error, v. STATE INSURANCE BOARD, State of Oklahoma, Defendant in Error.

Supreme Court of Oklahoma.

February 21, 1956.

Attorney(s) appearing for the Case

Odes Harwood, Oklahoma City, for plaintiff in error.

Mac Q. Williamson, Atty. Gen., J.H. Johnson, Asst. Atty. Gen., Horace G. Rhodes and Jack Lawter, Asst. Ins. Com'rs and Legal Advisors, Oklahoma City, for defendant in error.

WILLIAMS, Vice Chief Justice.

Plaintiff in error, hereinafter referred to as "Company" is a tentatively formed proposed mutual fire insurance company seeking to be licensed by defendant in error, hereinafter referred to as the "Board", to write insurance under the provisions of Title 36 O.S. 1951 § 379. The Company offered for consideration of the Board, at its hearing, testimony to the effect that it has cash assets...

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