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COMMISSIONER OF INSURANCE v. EQUITY GENERAL INC. CO.

346 Mass. 233 (1963)

191 N.E.2d 139

COMMISSIONER OF INSURANCE vs. EQUITY GENERAL INSURANCE COMPANY. (PETITION OF TRAILWAYS OF NEW ENGLAND, INC.)

Supreme Judicial Court of Massachusetts, Suffolk.

June 6, 1963.

Attorney(s) appearing for the Case

Edward F. Hennessey for Trailways of New England, Inc.

Edward T. Martin, Assistant Attorney General, for the Commissioner of Insurance.

Present: WILKINS, C.J., WHITTEMORE, CUTTER, SPIEGEL, & REARDON, JJ.

CUTTER, J.

Trailways of New England, Inc. (Trailways) filed this petition in the ancillary receivership of the insurance company (Equity), a Florida corporation, for an order that the commissioner, as ancillary receiver, be directed "to retain within the Commonwealth the $20,000 deposit of Equity ... originally placed with the Treasurer and Receiver-General under the `retaliatory laws', so-called [G.L. (Ter. Ed.) c. 175, § 159], and to pay from ... [that] deposit...

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