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CORK v. ASSOCIATED INTERNATIONAL INS. MANAGERS

Gen. No. 49,702.

58 Ill. App.2d 331 (1965)

208 N.E.2d 4

K.R. Cork and T.D. Redhead, Joint Liquidators of the British Commercial Insurance Company, Limited, a British Corporation, Plaintiffs-Appellees, v. Associated International Insurance Managers, Inc., an Illinois Corporation, Defendant-Appellant.

Appellate Court of Illinois — First District, First Division.

April 26, 1965.

Attorney(s) appearing for the Case

Heineke, Conklin & Schrader, of Chicago (Paul H. Heineke, of counsel), for appellant.

Ashcraft, Olson, Beach, Kimball, Alexander & Edmonds, of Chicago (Norman L. Olson, Jr., of counsel), for appellee.

MR. JUSTICE MURPHY delivered the opinion of the court.

This is an action by an insolvent British insurance company to recover the balance of premiums collected for it in Illinois by defendant, an Illinois licensed insurance broker. Defendant appeals from a decree in favor of plaintiff for $5,999.90.

Defendant contends (1) that section 121(4) of the Illinois Insurance Code (Ill Rev Stats, c 73, ¶ 733) bars...

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