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STATE BOARD OF INS. v. PROFESSIONAL & BUS. MEN'S INS. CO.

No. 11005.

359 S.W.2d 312 (1962)

STATE BOARD OF INSURANCE of the State of Texas et al., Appellants, v. PROFESSIONAL AND BUSINESS MEN'S INSURANCE COMPANY, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied August 1, 1962.

Attorney(s) appearing for the Case

Will Wilson, Atty. Gen., Bob E. Shannon and Dudley D. McCalla, Asst. Attys. Gen., Heath & Davis, Austin; Fulbright, Crooker, Freeman, Bates & Jaworski, Olan B. Lowrey and W. H. Vaughan, Jr., Houston, for appellants.

Frank G. Newman, Dallas; Jake Jacobsen, Austin, for appellee.

RICHARDS, Justice.

This is an appeal from an order of the 53rd Judicial District Court of Travis County granting a temporary injunction enjoining and restraining the State Board of Insurance, composed of Ned Price, Durwood Manford and Joseph Trosper, appellants, from issuing any license or certificate of authority to Professional Investors Insurance Company (or Allied Investors Insurance Company) to transact insurance business...

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