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INSURANCE COMPANY OF NORTH AMERICA v. LONG

389 S.W.2d 245 (1965)

INSURANCE COMPANY OF NORTH AMERICA, Appellant, v. John R. LONG, Jr., Commissioner, etc., Appellee.

Supreme Court of Tennessee.

March 16, 1965.

Attorney(s) appearing for the Case

Lawrence Dortch, Nashville, Waller, Lansden & Dortch, Nashville, of counsel, for appellant.

George F. McCanless, Atty. Gen., Milton P. Rice, Walker T. Tipton, Asst. Attys. Gen., for appellee.

PER CURIAM.

Indemnity Insurance Company of North America, a Pennsylvania corporation, and a subsidiary of complainant, appellant here, for many years prior to January 1, 1961, was licensed to engage in all forms of insurance business, other than life and annuities, in this state.

On July 5, 1960, Indemnity entered into an agreement of liquidation and re-insurance with complainant, Insurance Company of North America, in which complainant agreed to "assume,...

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